Third Term Examination Store Management Senior Secondary Schools (SS 1) Exam Questions

STORE MANAGEMENT THIRD TERM EXAMINATION SENIOR SECONDARY SCHOOLS (SS 1) EXAM QUESTIONS

SECTION A – OBJECTIVES

INSTRUCTION – CHOOSE THE CORRECT ANSWER FROM THE OPTIONS A – D. 

1. Goals of business communication include all except _______.

(a) to improve organizational goodwill

(b) receivers understanding

(c) receivers knowledge

(d) receivers response

 

2. One of the importance of communication is _______.

(a) quick dissemination of information

(b) slow payment of information

(c) to facilitate disagreement

(d) chance failure in an organization

 

3. An advantage of written communication includes all except _______.

(a) it removes the necessity of personal contact

(b) the receiver can read the message as often as he wants

(c) it provides permanent records

(d) it takes time to prepare

 

4. In enhancing communication through electronic, _______ can be used.

(a) telecommunication

(b) computer

(c) telex

(d) typewriter

 

5. A legal binding agreement imposing rights and obligations is called _______.

(a) twp parties

(b) business

(c) contract

(d) offer

 

6. _______ and _______ make contact valid.

(a) Agent and offer

(b) Offerer and offeror

(c) Consideration and agreement

(d) Telephone and fax

 

7. The following parties have no contractual capacity except _______.

(a) minors

(b) mentally disordered

(c) drunkards

(d) corporation

 

8. Remedy for breach of contract includes _______.

(a) by performance

(b) the injured party has the right to claim damages

(c) no room for an injunction

(d) payment for commission

 

9. The principal has the following right over the agent except _______.

(a) sue the agent for default

(b) take over the secret profit made by the agent

(c) dismiss the agent

(d) exchange the words with the agent

 

10. A major duty of an agent is to _______.

(a) obey the principal’s lawful instructions

(b) to make secret profits

(c) create conflict of interest

(d) make open confidential information

 

11. A contract whereby the employer agrees to pay salary/wages to the employees is called _______.

(a) contract of employment

(b) contract of employer

(c) contract of business

(d) contract of payment

 

12. All except one are reasons for government regulations of businesses.

(a) registration of business

(b) prevention of monopoly

(c) revenue generation

(d) protection of consumers from exploitation

 

13. The full meaning of SON is _______.

(a) satisfied organization of Nigeria

(b) standard organized Nira

(c) standard organization of Nigeria

(d) standout organization of Nigeria

 

14. One of the major functions of NDLEA is to _______.

(a) prosecute drug law offenders

(b) to cultivate and grow drugs

(c) to traffic drugs

(d) regulate and control importation of children

 

15. A type of goods include _______.

(a) specific goods

(b) unascertained goods

(c) asertain goods

(d) present goods

 

SECTION B – THEORY

INSTRUCTION – ATTEMPT ALL QUESTIONS IN THIS SECTION.

QUESTION 1

A. State five reasons why government regulate businesses.

B. List five methods of government’s regulations of businesses.

C. List two functions of these regulatory agencies;

I. SON

II. NAFDAC

III. NDLEA

 

QUESTION 2

A. What are the differences among the following agents?

I. Factor

II. Broker

III. Del-credere

IV. General agent

B. State two features of each agent in (2a) above.

 

QUESTION 3

Define contract and state four of its features.

 

QUESTION 4

A. Mention four importance of communication.

B. State two advantages of written communication.

GOOD LUCK

 

 

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