Alfred Ajibola
- Wed, 31st July, 2019 @ 7:06 PM
Topics in Business Studies
What is an Office? Qualities of a good office layout Small office explained with its characteristics Large office: Characteristics of large office Advantages and disadvantages of small office Advantages and disadvantages of large office Advantages and Disadvantages of Corporations Advantages and Disadvantages of Limited Liability Company Advantages and Disadvantages of Partnership Credit card and Debit card explained with their similarities and differences Business Structure: What is a business structure? Advantages and Disadvantages of Franchise What is a franchise? Types of franchise Corporation explained with its types What is Limited Liability Company? What is Partnership Business? Types of Partnership What is business studies? Concept of business Elements of Management What is Management? Importance of Management Advantages and Disadvantages of Air Transport Advantages and Disadvantages of Rail TransportAcademic Questions in Business Studies
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
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
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
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
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
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
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
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.
Water is considered as one the modes of transportation. The other modes of transportation are land, air, pipeline and human porterage.
It is worthy of note to state that ships, speed boat, ferries and canoes are some of the means of transportation on water. However, water mode of transportation include the oceans, seas, rivers, lakes, canals and lagoons.
Please read more on the means and modes of transportation here.
Bulky goods and large volume of cargo can be easily and efficiently transported from one country to another.
Please read on the advantages and disadvantages of road transport here.
It is considered the safest mode of transport alongside railway transportation.
Water bodies are the free gifts of nature; hence they don’t require any cost of construction and maintenance.
Please read on maintenance here.
Water transport is not affected by natural events like bad weather, flood and rains.
Please read on the advantages and disadvantages of air transport here.
Water transport is quite flexible in its services since it can be easily routed to other destinations if need be.
The availability of water mode of transportation within a city can help solve traffic congestion in that city.
You can read on the responsibilities, duties and obligations of a citizen here.
Water transport provide a means for nations to defend their territory against their enemies.
Please read on the disadvantages of foreign trade here.
With regards to the distance it covers, water transportation is the cheapest.
Water transport has a natural route network, thus traffic congestion are often absent.
Compared to land and air modes of transportation, its pollution rate is the least among all.
Please read more on environmental problems and its causes here.
With regards to ship, water is a very slow means of transport. It’s so slow that goods can take weeks or even months before they reach their destination.
Please read on the advantages and disadvantages of rail transport here.
Ships are expensive to build and maintain.
Pilfering is seen on a large scale at seaports.
Please read on black market here.
Water canals can be very expensive to construct and maintain.
Please read on characteristics of government here.
Huge ships require deep anchorage and modern equipment for loading and unloading; and this can be quite expensive to build and maintain.
Water transportation does not get bulky goods to their destination. Such goods will still need to be transported over land.
Please read on the disadvantages of foreign trade here.
Tracking the progress of goods can be somewhat difficult. Some persons will may use this as a means of scamming their clients.
Please read on values here.
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Amazing facts in Business Studies
According to the Global Bicycle Index, Utrecht in Netherlands is the most bike-friendly city in the world
The world's 100 richest people earned enough money in 2012 to end global poverty four times over
Notable points in Business Studies
Consumer protection refers to the ways or methods through which consumers enjoy maximum satisfaction from the goods they buy and services rendered to them.
The agencies of consumer protection assists in protecting the consumer rights. These agencies may also be referred to as the organs of consumer protection. Basically, we have three of them, they are:
Government Agencies
Independent Agencies
Legislation
One of the responsibilities of the government of every nation is to set up agencies or organizations that will protect the interest of the consumers and invariably, the people.
Below are some of the government agencies of consumer protection:
Please read on the government agencies of consumer protection here