BUSINESS DEPARTMENT (BUSINESS STUDIES)

 _ aid trade by facilitating payment for goods and services.

• Sales

• Insurance

• Bank

• Shares

Which of the following is an effect of leaking office information? 

• increase in patronage

• increment in staff salaries

•  a drop in revenue

  
  

•  employment of more staff

  
  

When cash payment is made to the bank, which account will be debited?

• Purchase account

• Sales account

• Cash account

• Bank account

  
  

The amount received at the beginning of a particular period by the petty cashier is  

              expected to be recorded on the _ side(s) of the petty cash book.

• debit and credit

• credit

•  debit

•  creditor

  The buying of the right quality and quantity of raw materials are duties of _ manager.

• administrative

• purchasing

• production

• sales

One of the positive effects of production of goods and services on society is _.

• job creation

• over-population

•  low standard of living

• economic instability

James shared his business capital with his sister in a venture; this is an example of _.

• limited liability

• partnership

• public enterprise

•  cooperative

Service as an occupation is provided by the following people except _.

• fisherman

•  teacher

• lawyer

• tailor

The department that is referred to as the ‘nerve-centre’ of the organization is _.

• production

• finance

• planning

• administrative

The market for borrowing and lending of short-term funds for investment is the _market.

• stock

• capital

• commodity

• money