Alfred Ajibola
- 30th January, 2023 @ 07:32 AM
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.
A large office is more structured and organized in comparison to a small office, and will ofen provide a decent working environment.
Workers become more efficient, knowledgeable and specialized since they frequently carry out their detailed and specified job roles as contained in their appointment letter.
Please read on civic responsibility here.
Benefits such as free medical treatment, free canteen meals and wardrobe allowances may be enjoyed by workers in large organizations.
The workers may enjoy office leave abroad. Also, maternity leave with full salary may be guaranteed.
The workers may enjoy a variety of social events as stipulated in the organization's calendar. This could be an annual get together celebration or a sporting event.
Please read on conflict management in organizations here.
A worker who seeks transfer may be transferred to another branch of the company. This can be of great benefit to such worker.
Based on the specialization of job roles, the progress of one's job can be easily tracked. As a result, promotion in large offices may become achievable over a short period of time.
People working in large offices may enjoy large salaries alongside an official means of transportation.
Please read on means and modes of transportation here.
Since large offices are hierarchical, grievances and crimes can be reported by following due protocols. In this manner, one's identity may be concealed.
Professional experiences are garnered when working with highly experienced teams.
Workers are exposed to the lastest working facilities and tools. They therefore flow with the advancement of information technology.
You can read on the internet of things here.
Since large offices are often spacious, a change in the office layout can be easily achieved. As an instance, new tools, furniture and equipments can be added. Also, a new workspace can be created in this regard.
Please read the concept of large a office alongside its characteristics here.
The workers may find their job monotonous, repetitive and boring since they perform the same duty daily.
Company politics is often present in large organizations, and this could frustrate a diligent worker who is unconnected with the hierarchies or powers that be.
Please read on the attributes and benefits of honesty here.
Although the protocols of getting an issue resolved is always stipulated, it may still be somewhat complex and time consuming.
Large companies may become too big to an extent that some workers can become alienated.
Work done in large organizations are often official. For this reason, there may be little interpersonal relationship between the workers, co-workers, customers and the hierarchies.
Please read on the factors that promote cooperation here.
One may be required to work on public holidays in large offices. This is seen in large shopping malls and broadcast stations.
Large offices are sometimes referred to as open offices. Therefore, they may have less privacy.
Large offices are more susceptible to internal frauds.
Please read on the various types of fraud here.
A large office can become noisy, especially those that deal with the general public.
Large offices are more expensive start, run and maintain.
Please read on scale of preference and opportunity cost here.
The full potential of workers may not be harnessed due to their functional limitations.
Please read on the advantages and disadvantages of small office 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