JSS 1 BUSINESS STUDY

------------ can be referred to the situation in which a person says only what is true (a) honesty (b) truthfulness (c) facts (d) forthrightness

Who of the following renders direct services (a) teacher (b) miner (c) oil driller (d) cook

Who is a sole trader (a) a person who trades in soles (b) a person who sells leather soles (c) a person who runs business on his own (d) a group of person who works together

The business financed, formed and controlled by one person is termed ……. (a) Corporation (b) partnership (c) sole proprietorship (d) cooperative society

. One of the following is NOT an aid to trade (a) Banking (b) Insurance (c) Advertising (d) Stock

. One of the following is NOT an aid to trade (a) Banking (b) Insurance (c) Advertising (d) Stock

One of the following is a factor of production (a) land (b) agriculture (c) industry (d) rent

. Coal mining is an example of ……… (a) Constructive industry (b) extractive industry (c) direct service (d) tertiary production

The factor that coordinates or makes use of the other factors of production is the …… (a) Land (b) capital (c) labour (d) entrepreneur

Staff matters in any organization are treated by …….. (a) Personnel department (b) production department (c) sales department (d) finance department