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.
An office is defined as a place, an apartment, a shop or a building set aside for carrying out business activities.
From the above definition, we can infer that the elements of management are conducted in an office. These elements of management include the following:
Planning
Staffing
Organizing
Directing
Coordinating
Control
Reporting
Budgeting
Motivation
Meanwhile, recall that management is defined as the process of doing things and achieving the desired goals through the input of one or more persons.
Offices are crucial to the proper functioning of any organization. In this regard, different organizations, whether private or public have got their respective offices where administrative functions are carried out. ln addition, clerical works are also done in the office.
Please read on clerical staff explained with their grades and functions here.
It is worthy of note to state that individuals can have their own office. Such office can be located in their homes, or in a shop just along the road. For instance, I wrote this article in my home office, often referred to as SOHO (Small Office Home Office). In another instance, a kiosk where a Point of Sale (PoS) agent render financial services can also be appropriately called an office. Therefore, services are rendered in offices, and such rendered services may even be done online.
You can read on the internet and world wide web here.
The office isn't just an empty space. Useful tools, instruments and gadgets are always found in an office. These provides comfort to the workers, while also aiding them to efficiently perform their duties. Examples of such office tools include chairs, tables, air conditioners, fans, computers, printers, scanners, bulbs and so on.
Please read on maintenance here.
Offices can be categorized based on size and administrative structure. With regards to size, an office can be either small or large.
Examples of small offices include a barber's shop, point of sale (PoS) shop, information technology personnels who work remotely, online writers, and any other business that generates income from their respective location through the use of internet.
Please read on small office explained with its characteristics here.
A secondary school may be considered a large office. This is so because it typically contains more than ten workers, and will include office departments such as staff rooms, principal's office, bursar's office, security's office and so on. Other examples of large offices are post office, registry offices, customer care centers, shopping malls, banking halls and various government buildings.
Please read more on large office alongside their characteristics.
Office layout refers to the orderly and systematic arrangement of everything in the office with regards to the available office space. It is crucial to the overall functioning of the workers.
A good office layout provides maximum efficiency and increased work output by the office personnels.
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Below are the qualities of a good office layout:
The office should be spacious enough. It should not be compacted.
Private offices should be made avilailable to senior executives. Confidential work demanding mental concentration are often carried out here.
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An office should be appropriately equipped with the tools and resources needed by the workers to efficiently carry out their duties.
A good office should provide a collaboration workspace to staff.
Adequately lightening, ventilation and cooling systems should be present in an office. Window blinds should be used instead of curtains.
Please read on environmental problems and its causes here.
The office furniture should be designed in such a way that staff can be easily accessed and supervised.
The office should be flexible enough to accommodate some additional staff and equipment if the need arises.
Please read on the advantages and disadvantages of large office here.
A good office should have recreational and rest areas.
The office should be properly decorated. This can motivate the workers by enhancing their creativity and inspiration. For instance, the interior colors of the office may motivate the mood of the staff.
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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