JSS 1 Business Studies Flashcards: Meaning, Importance and Components of Business Studies

Question 1

What is Business Studies?

Accepted Answer

the study of how business activities are organised and performed

Question 2

Which component teaches correct office procedures? Choose from: office practice; commerce; marketing; or bookkeeping.

Accepted Answer

office practice

Question 3

Buying, selling, banking and transport are studied together under which component? Choose from: office practice, commerce, marketing, or bookkeeping.

Accepted Answer

commerce

Question 4

A class investigates what customers need and how to satisfy them. Name the component being applied.

Accepted Answer

marketing

Question 5

Receipts and payments must be entered into the business records. What component teaches this skill?

Accepted Answer

bookkeeping

Question 6

Using computers safely to complete business tasks belongs to ____.

Accepted Answer

digital literacy

Question 7

A learner plans to turn an idea into a small venture. The relevant component is ____.

Accepted Answer

entrepreneurship

Question 8

Why is Business Studies useful to a future employee?

Accepted Answer

It develops workplace skills.

Question 9

Why is Business Studies useful to a consumer?

Accepted Answer

It supports informed buying decisions.

Question 10

A learner preparing invoices is applying knowledge of ____.

Accepted Answer

office practice

Question 11

A learner recording cash received is applying ____.

Accepted Answer

bookkeeping

Question 12

A shop owner studying customer preferences is practising ____.

Accepted Answer

marketing

Question 13

Buying and selling goods belongs mainly to ____.

Accepted Answer

commerce

Question 14

Creating a business to solve a community problem shows ____.

Accepted Answer

entrepreneurship

Question 15

Using a spreadsheet to prepare a sales table applies ____.

Accepted Answer

digital literacy

Question 16

Bola enjoys checking figures and interpreting financial records. Name the career that best matches her interest.

Accepted Answer

accountant

Question 17

A company needs someone to plan how its products will reach buyers. The suitable career is ____.

Accepted Answer

marketing officer

Question 18

Filing, correspondence and routine office records are managed by an ____.

Accepted Answer

office administrator

Question 19

A person who accepts risk to establish a business is an ____.

Accepted Answer

entrepreneur

Question 20

Complete the big idea: together, the components prepare learners for ____.

Accepted Answer

preparation for responsible economic life

Strong work.