BUSINESS STUDIES JSS 2

1.   The factors of production which coordinates other factors is …………..

• land 

• labour

• capital

• entrepreneur

2. The reward for an entrepreneur is …………. 

• rent

• salary

• profit

• capital 

3.   …………….. is the money paid regularly to those who no longer work for length of years of service. 

• pension

• compensation

• premium

• indemnity

4. The following risk are insurance except  

• robbery

• fire disaster

• sudden death

• loss of profit due to intense competition

5. One of the following is the reason for taking an insurance cover  

• to pay childrens

• to receive compensation for a loss suffered

• to avoid loss of life and properties

• to increase production of goods and services

6.  Cargo insurance is a division of ………  

• marine  

• life

• burglary

• assurance 

7.   One of these is not a risk faced by an entrepreneur   

• fire

• low demand for goods

• stealing 

• weather

8. One of the following is not a quality of an entrepreneur 

• organization

• receiving instruction 

• decision making

• risk bearing   

9. ……………  provide capital for business operation    

• an accountant

• a receptionist

• an entrepreneur

• a cleaner

10.  …………….. refer to the end users of a product. 

• producer

• consumer

• retailer

• wholesaler