OYO STATE UBEC/SUBEB MODEL SMART SCHOOL

ASSESSMENT PLATFORM

SUBJECT: BUSINESS STUDIES START:

CLASS: BASIC 7 STOP:
DATE:

INSTRUCTION:
FILL THE BOX WITH THE CORRECT OPTION

STUDENT'S DATA
NAME:
SCH. ID.:

Q1 Another name for sole proprietorship is called .............. A. Sole trade B. One-man business c. retail
D. Wholesale

ANSWER:

Q2 The body that controls all the factors of production is .......... A. Labour B. Chairman C. Manager
D. Entreprenuer

ANSWER:

Q3 The reward for Land is ............ A. rent B. wages C. interest D. profit

ANSWER:

Q4 The reward for capital is ............. A. rent B. wages C. interest D. profit

ANSWER:

Q5 How many persons can form a partnership business A. 2 -10 B. 2 - 20 C. 2 - 5 D. 2 - 15

 How many persons can form a partnership business A. 2 -10 B. 2 - 20 C. 2 - 5 D. 2 - 15

ANSWER:

Q6 The book that contains the rules and regulations guiding the members is called the ..............
A. Brochure B. Partnership Deed C. Prospectus D. Document

ANSWER:

Q7 How many persons can form a bank business A. 2 -10 B. 2 - 20 C. 2 - 5 D. 2 - 15

ANSWER:

Q8 .................. is a man made wealth A. land B. labour C. entreprenuer D. capital

ANSWER:

Q9 ................ is needed to operate a machine. A. land B. labour C. entreprenuer D. capital

ANSWER:

Q10 ............... is a risk bearer. A. land B. labour C. entreprenuer D. capital

ANSWER:

TEACHER'S NAME:
Always remember that you are Smart, Excellent and Innovative Future Leader