Questions on Business-Studies
Academic Quotes
Too often we underestimate the power of a touch, a smile, a kind word, a listening ear, an honest compliment, or the smallest act of caring, all of which have the potential to turn a life around - Leo Buscaglia
The most important things we can give to others are actually not expensive. In fact, we don't have to buy them with money because they are right within us.
These include our kind words, listening ears, honest compliments, our 'thank you', those beautiful smiles, our loving corrections, sincere kindness and a caring heart
In the end, it isn't the years in your life that count. It is the life in your years - Abraham Lincoln
One fact remains constant to us all, and that's death. We are not guaranteed of tomorrow because no living human is too old to die, even a newly born. Remember, age is also a number.
Therefore, let us always do good, help the poor, care for the sick and less privileged, forgive transgressions and most importantly, extend the hands of love to everyone we come across.
By doing this, we would have added an abundance of life to our years, regardless its number. Recall that Jesus Christ Himself died at 33
You cannot win everytime. This therefore makes defeat a part of life. However, it is the way and manner at which we rise from our defeats that determines our place among the greats.
Muhammad Ali was a professional boxer with 56 wins and 5 defeats. However, the way and manner at which he rose from his defeats secured his place in boxing history as the greatest fighter of all time
One Day or Day One, you decide - Unknown
We all intend to become great in life. However, we should also understand that it doesn't take one day to become great. Rather it takes many days of work, practice, diligence, failures and successes to become great.
My question to you is this: Concerning your path to greatness, what day are you in?
Whatever you are, be a good one - Abraham Lincoln
If you are a boy, be a good boy. If you are a girl, be a good girl. If you are a man, be a good man. If you are a woman, be a good woman. If you are a student, be a good student. If you are a teacher, be a good teacher.
I can go on and on; but the point is: You are human, so do all in your power to be a good human
A one-man business is termed _____.
A. Proprietorship
B. Sole Proprietorship
C. Individual Entrepreneurship
D. Sole Trader
E. All of the Above
F. None of the Above
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Which of the following is not a function of the wholesaler?
A. They distribute goods
B. They store goods
C. Specialization of goods
D. They bring about price variability in goods
E. They act as shock absorbers during the movement of goods
F. Packaging of goods
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A person employed by an organization to carry out the everyday duties of a typical office, and at the same time perform a couple of other functions for their company which may vary from one company to another, is termed a _____.
A. Secretary
B. Personal Assistant (P.A)
C. Secretary General
D. Clerical Staff
E. Supervisor
F. Bookkeeper
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The above image best describes the _____.
A. Ledger system
B. Journal system
C. Double entry system
D. Balance sheet system
E. Principles of accounting system
F. Balanced accounting system
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An accounting system focused primarily on a balanced debit and credit side is termed _____.
A. Ledger system
B. Journal system
C. Double entry system
D. Balance sheet system
E. Principle of accounting system
F. Balanced accounting system
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With regards to money, which of the following statement is incorrect?
A. Money is crucial for the survival of every human being
B. Money is completely advantageous
C. Money is defined as anything that is generally accepted as a medium of exchange
D. Monopoly is said to exist when money and wealth exists in the hands of a few
E. Excess money in an economy can lead to inflation
F. When a person receives money that isn't commensurate with the job he or she had done, then that's underemployment
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Which of the following statement is wrong with regards to business?
A. Business involves the exchange of something for another thing or money
B. Business is an economic activity
C. In business, profit goes beyond money
D. Businesses do not have social responsibilities to their customers
E. The exchange of services is an aspect of business
F. Businesses can be affected by government policies
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Consumer _____ are the laws and methods put in place by various agencies so that consumers can enjoy maximum satisfaction on the goods they buy and services rendered to them.
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Which of the following is not a characteristics of business?
A. The buyer and seller must always come into a contract agreement
B. Risk from unforseen circumstances is involved
C. They are subject to policies made by the government
D. All business transaction is aimed at making profit
E. It requires a discontinuous transaction between the buyer and the seller
F. Investments are required to begin a business
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Which of the following is not a Right of Consumer Protection?
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Which of the following is NOT a government agency of consumer protection?
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Define Consumer Protection.
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In buying and selling, the retailer will usually operate from the stall while the wholesaler operates from the _____.
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Topics in Business Studies
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