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Traits of a successful entrepreneur

Grandfather clocks serve as artistic decor pieces

  Ancient & Modern Clocks Grandfather clocks , also known as longcase clocks, are a type of mechanical clock that is renowned for their tall, freestanding design and pendulum mechanism housed within the tower case. Originating in the late 17th century in England, these clocks became popular due to their improved accuracy over older timekeeping methods. The name "grandfather clock" became widespread after the song "My Grandfather's Clock , " written by Henry Clay Work in 1876, which described such a clock that had been running for ninety years.       View More   Kieninger clocks   This is one of the world's oldest clock makers founded in Germany over 100 years ago. You can see more here Like this Ridgeway grandfather clocks The mechanics of a grandfather clock involve a weight-driven system where weights descend slowly pulling on gears to regulate the movement of hands on the dial. This system requires periodic winding to keep the clock running accurat...
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Business Studies 2nd Term Exam question 2022/2023 Session

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JSS 1  2nd Term Business Studies  Exam.                                 2022/2023 session
             Answer all Objective  questions.
                                                                           –                                       SECTION A

1.    ________factor receives the reward of interest. A. Land B. Labour    C. Capital     D. Enterpreneur.

2.   Factors of production are also called ________ of productionA. agents B. owners C. givers D. friends

3.   The factors that are provided by God and by man are rewarded with _____ and ______ according
by A. wages and profit B. rent and wages C. rent and interest D. Profit and salaries

4.    _____ is defined as all the physical and mental efforts of man in production
A. capital B. Labour C.Enterpreneure D. Land

5.  _____ is defined as wealth set aside for the production of more wealth
A. Labour         B. Land.           C.Market.                      D. CAPITAL


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6.  A bridge engineer is involved in ____ occupation. A. Manufacturing B. Constructive C.  Extractive D. Commercial

7.  ______is what a person does in order to earn a livingA. Teaching B. Music C. Occupation D. Labour

8.    ______ involves all the activities concerned with enabling products move from the factory to the final consumers. A. Extractive occupation B. direct services occupation C. commercial occupation D. Manufacturing occupation

9.    One of the following is NOT  a member of the groupA. Teaching B. Fishing C. Hunting D. Farming

10.  A banker is involved in ____ occupationA. extractive B. manufacturing C. constructive D. commercial

11. The list of licensed sellers of chemicals can be obtained from _____ and _____
A. NAFDAC and EFCC B. EFCC and SON C. NAFDAC and SON D. CBN and UB

12. ______ are the rules/principles, value and behavior by which people live.
.A. Ethics B. Chemical C. Licensed vendors D. NAFDAC

13. ______ is someone that has been given the permit to import, buy and sell chemicals
A. a licensed vendor B. an agent C. a retailer D. a consumer

14. The rule to classify the chemicals by how dangerous they are relates to chemicals _____
A. distribution B. storage C. disposal D. delivery

15. The rule that ‘upon receipt the chemical should be labelled as to its content relate to
A. storate B. delivery C. disposal D. distribution

16.   The business unit that must publish its financial statements in the national newspaper is
A. Partnership B. Private company C. Public Company  D. Sole proprietorship

17.   The business that are separate from their owners (i.e separate legal entities) are A. Partnership and

18.   Sole proprietorship B. Partnership and private companies C. Sole Proprietorship and public Company D. Private and public companies

19.   The business owner who does not share profit with anybody is A. Sole trader B. 
Partnership
C. Private company D. Share holders

20.   ______ is formed to carter for the welfare of its members A. Partnership B. Co-operative society C. Sole proprietorship D. Public  company
Dividend is a share of profit to ______ A. Debtors B. Creditors C. Partners D. shareholders

                                                              
                              SECTION A (Theory)
Answer 4 question in this section, number 1(One) is compulsory.

1a.   List the Four Factors Of production
 b.     What is their respective rewards in production process?
2a.     What is occupation?
 b.       List Five examples of extractive occupation.
3a.      Explain manufacturing occupation and constructive occupation
 b.      List 3 example of manufacturing occupation and 2 constructive occupation.
 4a.     Define truthfulness?
 b.       List 3 consequences of not being truthful.    
5a.      Who is an entrepreneur?
 b.       List the names of 5 successful entrepreneurs in Nigeria and their business 

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