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Business Studies Past Questions and Answers

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Business Studies Questions

Question 96:

The following are reasons for consumer protection except ____________

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A Encouraging the exploitation of consumers.
B Ensuring regular supply of essential commodities.
C Guaranteeing goods and services rendered are of high quality.
D Making sure that consumers are satisfied.
E Protecting them from dangerous goods.

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Question 97:

The maximum number of individuals that can form a private company is ____________

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A 10.
B 20.
C 28.
D 50.
E 70.

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Question 98:

Granting discount to a buyer of a product is an example of ____________

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A After-sales service.
B Customer care.
C Pre-sale service.
D Public relations.
E Social responsibility.

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Question 99:

The reward for capital as a factor of production is ____________

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A Interest.
B Profit.
C Rent.
D Salary.
E Wage.

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Question 100:

The selling of Nigeria crude oil to a firm in Britain is an example of ____________ trade.

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A Entrepot
B Export
C Home
D Retail
E Wholesale

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