Business Studies Quiz

The process by which raw materials are transformed into semi-finished and finished goods is called……………….

• manufacturing process

• extraction process

• production

• change

The following are the factors of production except………………………..

• land

• labour

• organization

• transportation

Which of the following is not an aid to trade?

• Transportation

• Insurance

• Banking

• Communication

A trade between traders in Kano and Jos can be regarded as…………..trade.

• home

• foreign

• import

• wholesale

Peter, a Nigerian who orders goods produced in China is involved in…………

• retail trade

• export trade

• wholesale trade

• import trade

The process of converting natural gifts of nature into finished products is called

• consumption

• distribution

• commerce

• production

An aid to trade that covers business risks is called………………………

• warehousing

• transport

• banking

• insurance

Who provides the resources to start and operate a business?

• Secretaries

• Clerks

• Proprietors

• Teachers

Business Studies as a subject in the school curriculum covers all the following except…………..

• Book-keeping

• Office practice

• Keyboarding

• Geography

Which of these is not a department in an organisation?

• Sales/marketing

• Catering

• Finance

• Administrative