Alfred Ajibola
- 30th January, 2023 @ 07:34 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 associated with any business carried out by numerous workers within a building or an open space. These workers in a large office may include the clerks, cleaners, security personnels, information technology personnels, workers of different specialities and so on. In this regard, a large office will always have more than ten workers.
Please read the on small office alongside its advantages and disadvantages.
With regards to their size, scale of operation and specialization of workers, large offices are usually divided into units termed departments. For instance, a banking hall qualifies as a large office since it can be put into departments like the customer care department, ATM department, deposit department, withdrawal department and security department respectively.
Please read the concept of an office in business studies.
Examples of large offices include airports, universities, banks, hospitals, football clubs, secondary schools, production factories, shopping malls, insurance companies and government institutions.
The pattern of arrangement seen in a large office can make it an open office.
Therefore, an open office is defined as an unpartitioned large room that accomodates all the workers alongside the tools required to effectively carry out their job.
Please read on small office explained with its characteristics here.
A large office may be owned by one person or a group of people. It may also be owned by a family.
Please read on limited liability company.
A large office has numerous workers which may run into thousands. The minimum number of workers is estimated to be eleven.
Large offices are divided into units called departments.
A large office may have one or more branches. Such branches may be located within or outside a state.
Specialization of workers and division of labour is practiced in large offices.
Please read on the forms of division of labour here.
It provides adequate space for staff and equipment.
Workers are exposed to the latest technology and equipment in large offices.
You can read on the internet and world wide web here.
The cost of running and maintaining a large office is higher when compared to small offices.
Expatriates and professionals may be hired to work in large offices.
A large office offers competitive salaries to its workers. They may also enjoy free medical services and other allowances; for instance, wardrobe allowance.
Large offices can become crowded and noisy, especially those that deal with the general public.
Please read on the causes of conflict here.
Leadership hierarchies are always present in large offices. In this regard, we often have the chief executive officer (CEO), branch managers and so on.
Please read on the leadership qualities of Joseph that has transformed lives here.
Large offices will often grant leave to their workers. Also, the workers on leave will likely receive their full salaries and allowances.
The functions of a large office is conducted in a building or a large open space. For this reason, large offices are sometimes referred to as open offices.
Large offices may offer pension and gratuity to retired workers.
Please read the advantages and disadvantages of large 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