Topics in Business StudiesAdvantages and Disadvantages of Corporations Advantages and Disadvantages of Limited Liability Company Advantages and Disadvantages of Partnership Credit card and Debit card explained with their similarities and differences Business Structure: What is a business structure? Advantages and Disadvantages of Franchise What is a franchise? Types of franchise Corporation explained with its types What is Limited Liability Company? What is Partnership Business? Types of Partnership What is business studies? Concept of business Elements of Management What is Management? Importance of Management Advantages and Disadvantages of Air Transport Advantages and Disadvantages of Rail Transport Cheque explained with its terminologies Cheque: Types of Cheque Cheque: Characteristics of Cheque Advantages and Disadvantages of Cheque What is Advertising? Types of Advertising
Academic Questions in Business Studies
An accounting system focused primarily on a balanced debit and credit side is termed _____.
A. Ledger system
B. Journal system
C. Double entry system
D. Balance sheet system
E. Principle of accounting system
F. Balanced accounting system
With regards to money, which of the following statement is incorrect?
A. Money is crucial for the survival of every human being
B. Money is completely advantageous
C. Money is defined as anything that is generally accepted as a medium of exchange
D. Monopoly is said to exist when money and wealth exists in the hands of a few
E. Excess money in an economy can lead to inflation
F. When a person receives money that isn't commensurate with the job he or she had done, then that's underemployment
Which of the following statement is wrong with regards to business?
A. Business involves the exchange of something for another thing or money
B. Business is an economic activity
C. In business, profit goes beyond money
D. Businesses do not have social responsibilities to their customers
E. The exchange of services is an aspect of business
F. Businesses can be affected by government policies
Consumer _____ are the laws and methods put in place by various agencies so that consumers can enjoy maximum satisfaction on the goods they buy and services rendered to them.
Which of the following is not a characteristics of business?
A. The buyer and seller must always come into a contract agreement
B. Risk from unforseen circumstances is involved
C. They are subject to policies made by the government
D. All business transaction is aimed at making profit
E. It requires a discontinuous transaction between the buyer and the seller
F. Investments are required to begin a business
Which of the following is not a Right of Consumer Protection?
Which of the following is NOT a government agency of consumer protection?
Define Consumer Protection.
It is a very fast means of transportation. It is often considered as the fastest means of transportation.
Please read on transportation, its means and modes here.
In many occasions, it is the only means of reaching certain parts of the world.
Flight schedules are strictly adhered to even when the aircrafts are not filled to capacity.
It is a great means of speedily transporting perishable and light goods within and outside a country.
Please read on the functions and characteristics of commerce here.
Since the air is a free space, no capital in needed in the construction of its track.
No physical barrier is present in air transportation.
Air transport is very important in the security of a country. Certain aricrafts are utilized by various countries to defend their territories against terrorists.
Please read on the disadvantages of foreign trade here.
Air transport offers better comfort to passengers during their journey.
Airplanes are useful in agriculture since they can be used in the aerial spray of pesticides and insecticides on a large farmland.
Please read on the pests of agricultural importance here.
Air transportation facilitates communication by rapidly moving parcels across the country.
Please read on foreign trade here.
No form of traffic congestion is encountered in air transportation.
Please read on the advantages and disadvantages of road transport here.
Air transportation is the only means through which scientist can fly into space and other planets.
Please read on the solar system and classification of planets here.
The delivery of goods must first be at the air terminals before it can be conveyed through road transport to where it is needed.
Please read on the advantages and disadvantages of water transport here.
Bad weather may disrupt flights, causing delays and may even lead to flight cancellations.
The average citizen finds it difficult to own an aircraft because it is very expensive.
Please read on the disadvantages of money here.
The building of standard airports can be capital intensive since it’s a capital project.
Aircrafts need permission to takeoff and permission to land. This may cause slight journey delays.
The people who work at airports suffer from noise pollution.
Please read on the functions of government here.
Most airports are sited away from the city centers. As a result, the long trips from airport to city centers can be a waste of time and resources, especially for local flights.
Aircrafts have a limitation to the load they can carry because of its design and specifications.
Please read on the advantages and disadvantages of rail transport here.
Air transportation is the most expensive means of transportation, even for the economy class. Meanwhile, only the few rich can comfortably afford business class and first class flights.
Please read on the responsibilities, duties and obligations of citizens here.
Air transportation is a risky mode of transportation since a small technical issue may result to substantial loss of lives.
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Amazing facts in Business Studies
The world's 100 richest people earned enough money in 2012 to end global poverty four times over
NOTABLE POINTS IN Business Studies
Consumer protection refers to the ways or methods through which consumers enjoy maximum satisfaction from the goods they buy and services rendered to them.
The agencies of consumer protection assists in protecting the consumer rights. These agencies may also be referred to as the organs of consumer protection. Basically, we have three of them, they are:
One of the responsibilities of the government of every nation is to set up agencies or organizations that will protect the interest of the consumers and invariably, the people.
Below are some of the government agencies of consumer protection: