Alfred Ajibola
- Tue, 24th December, 2019 @ 9:03 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.
It is the most dependable and organized form of transport.
Please read an introduction to transportation here.
The rate of accidents in rail transport is very low. In fact, it is often considered as the safest means of transportation.
Please read on domestic accidents here.
There is a fixed schedule for arrival and departure.
Rail transport can carry large amount of bulky or heavy goods.
Bad weather has little or no effect on rail transportation.
Please read on advantages and disadvantages of air transport here.
Speed trains are very fast and can run between countries through railway transportation.
Please read more on foreign trade here.
Rail transportation is cheaper for commuters compared to other modes of transportation. In this regard, it is considered as a national necessity since it benefits the masses.
Please read on fundamental human rights here.
Railway stations provide convenience for the collection of return loads.
Large numbers of people are conveyed through rail transportation daily, hence minimizing heavy traffic in road transport.
Please read on the advantages and disadvantages of road transport here.
Like road transport, rail transportation also provide employment opportunities for the citizens of a country.
Rail transport promotes interstate trade since they usually connect two or more states.
Please read on the advantages of foreign trade here.
Rail transport promotes agriculture because farmers can now sell their agricultural produce to different regions of the country.
Please read on the roles of government in agriculture here.
Railway or railroad are not flexible. Instead, they are fixed and unalterable.
Please read on the advantages and disadvantages of water transport here.
The building of railways by the government is a capital project and requires a huge amount of money.
Please read on the importance of government here.
The delivery of goods is not door to door. Instead, they are first delivered at the railway station.
Rail transport requires the maintenance of stations, tracks and signaling systems which overall constitute an expensive exercise.
Please read on maintenance here.
Since the rail transport is generally owned by the government, lack of competition may bring about its inefficiency and corruption of the rail transportation sector.
Please read on the advantages and disadvantages of air transport here.
Rail transport system is scarcely present in rural environment.
Single railway may pose inconveniences to the railway passengers and railway organizations.
Railway transport is not suitable for short distance journey.
There is a form of restriction on the movement of goods and passengers because of its organized schedule of movement.
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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