2024 Paper 1 — CBT Mode | BECE Business Studies

The primary purpose of establishing a business is to _______.

A product that needs demonstration can be advertised through _______.

The account operated by customers of commercial banks which requires the use of cheque is ________ account.

The following are rights of a consumer except the right to ________.

The aid to trade that provides finances for individuals and organizations to carry out their business activities is ________.

When a customer informs a manufacturer of dissatisfaction with his products, this is known as ________.

The reward of capital as a factor of production is _______.

Sole proprietorship is a business that is owned by _______.

The internal environment of a business offers ______.

Obtaining natural resources from the land or sea is categorized under ______ occupation.

Which of the following is an advantage of road transport?

A businessman who buys goods from Japan and sells them in Nigeria is involved in ________ trade.

The process of creating goods and services to satusfy human wants is referred to as ________.

The financial institutions that reduce risks associated with business are called ________.

Which of the following is not part of the procedures of writing a business plan?

Production is said to be complete when goods produced reach the _______.

The rules and standards which practitioners must follow in the discharge of their professional duties are called _____.

Bricklaying is categorised under _______ occupation.

Which of the following qualities is required of a businessman in dealing with customers?

The process of sending and receiving information in business is ________.

A trader who buys goods in small quantity and sells in units to consumers is a/an ________.

The principle of insurance which states that the insured should be compensated at the event of a loss is ________.

When a manufacturer and a dissatisfied customer discuss on how to resolve a matter peacefully, this is a way of seeking redress by ________.

Which of the following aids delivery of goods in business?

Chemicals must be properly _____ to give adequate information to users.

Influencing a potential buyer to purchase a product explains _________ advertising.

Purchasing a product without planning for it explains _______.

Which of the following business organisations raises capital through sale of shares?

The right channel of distribution of goods is

Which of the following is not a modern means of communication?

Goods unsold at the end of a trading year is

The act of buying and using goods and services is known as ______

The following are found on the debit side of a trial balance except ________.

A petty cashier is given a cash float of ₦20,000 for the month, out of which he spent ₦17,500. How much is to be refunded.

Living within one’s income is _______.

The column that records reference number of transactions in a ledger is _______.

Use the following information to answer the question below.

What is the amount of debtors?

Use the following information to answer the question below.

What is the balance on the credit side of the trial balance?

A trial balance is prepared on a _______ entry basis.

The left hand side of a balance sheet shows

The main purpose for preparing profit or loss account is to ascertain ________.

Which of the following is found on the credit side of a trial balance?

The amount of money used to start a business is ________.

Mr. James bought stationery for ₦1,000 by cash. The double entry is __________.

The person who takes care of minor expenses in an organisation is the ________.

Financial position of a business is determined at the end of the year by preparing _________.

Use the following information to answer the question below

How much stationery was bought?

Use the following information to answer the question below

What is the amount used for transportation?

When a chief cashier gives out money to a petty cashier, the chief cashier will

The full meaning of “TAP” in bookkeeping means transparency, ______ and probity.

When gods are sold for ₦100,000 by cash, the double entry is ___________.

Balance sheet can be used to determine the following except _________.

Which of the following expenses is recorded in petty cashbook?

Which of the following transactions is recorded in the cashbook?

The day to day transactions of a business is recorded in ________ book.

Use the following information to answer the question below

The amount of gross profit is ________.

Use the following information to answer the question below

What is the cost of goods sold?

Which of the following assets is temporary in nature?

Trading account is prepared to ascertain __________.

Which of the following is not a source of personal finance?