20 JSS2 Third Term Business Studies questions with options and answers:
Question: What is the purpose of a marketing mix in business strategy?
A) Evaluating competitors
B) Identifying customer needs
C) Setting financial goals
D) Creating effective promotional campaigns
Answer: D) Creating effective promotional campaigns
Question: What is the difference between a merger and an acquisition in business?
A) Size of the companies involved
B) Nature of the industry
C) Legal status of the companies
D) Control of ownership
Answer: D) Control of ownership
Question: In financial management, what is the purpose of working capital?
A) Long-term investment
B) Short-term operational needs
C) Employee salaries
D) Debt financing
Answer: B) Short-term operational needs
Question: What is the significance of a SWOT analysis in business planning?
A) Identifying internal and external factors
B) Analyzing financial statements
C) Calculating market share
D) Determining employee performance
Answer: A) Identifying internal and external factors
Question: What is the role of ethics in human resource management?
A) Maximizing profits
B) Ensuring fair treatment of employees
C) Reducing competition
D) Controlling inflation
Answer: B) Ensuring fair treatment of employees
Question: In the context of entrepreneurship, what is a business plan used for?
A) Setting employee salaries
B) Forecasting stock prices
C) Outlining business goals and strategies
D) Managing day-to-day operations
Answer: C) Outlining business goals and strategies
Question: What does the term “Diversification” mean in investment?
A) Concentrating investments in a single sector
B) Spreading investments across different assets
C) Reducing profits
D) Eliminating competition
Answer: B) Spreading investments across different assets
Question: In production management, what does “Quality Control” involve?
A) Increasing production costs
B) Ensuring products meet specified standards
C) Setting financial goals
D) Minimizing competition
Answer: B) Ensuring products meet specified standards
Question: What is the purpose of a mission statement in organizational management?
A) Controlling market demand
B) Setting long-term financial goals
C) Communicating the purpose and values of the organization
D) Analyzing market trends
Answer: C) Communicating the purpose and values of the organization
Question: Which type of marketing involves creating a unique image for a product?
A) Niche marketing
B) Mass marketing
C) Branding
D) Direct marketing
Answer: C) Branding
Question: What is the significance of a break-even analysis in business?
A) Identifying potential risks
B) Determining the point of profitability
C) Maximizing profits
D) Setting marketing goals
Answer: B) Determining the point of profitability
Question: In international trade, what is the purpose of trade barriers?
A) Promoting free trade
B) Restricting imports and exports
C) Encouraging competition
D) Reducing production costs
Answer: B) Restricting imports and exports
Question: What is the role of a venture capitalist in business financing?
A) Providing long-term loans
B) Investing in startup companies
C) Managing day-to-day operations
D) Controlling inflation
Answer: B) Investing in startup companies
Question: What does the term “Stakeholder” mean in business?
A) Short-term investor
B) Party with an interest in the company
C) Supplier of raw materials
D) Government regulator
Answer: B) Party with an interest in the company
Question: In organizational structure, what does “Decentralization” involve?
A) Centralized decision-making
B) Flexible reporting relationships
C) Equal distribution of power
D) Reducing competition
Answer: B) Flexible reporting relationships
Question: What is the purpose of a performance appraisal in human resource management?
A) Setting employee salaries
B) Evaluating employee job performance
C) Monitoring daily transactions
D) Analyzing market trends
Answer: B) Evaluating employee job performance
Question: What is the significance of cultural diversity in the workplace?
A) Increasing production costs
B) Enhancing creativity and innovation
C) Minimizing competition
D) Controlling market demand
Answer: B) Enhancing creativity and innovation
Question: What is the purpose of environmental scanning in strategic management?
A) Analyzing financial statements
B) Identifying potential risks and opportunities in the external environment
C) Setting employee salaries
D) Determining production quotas
Answer: B) Identifying potential risks and opportunities in the external environment
Question: In marketing, what does the term “Market Segmentation” involve?
A) Combining different markets into one
B) Targeting a specific group of customers
C) Reducing advertising expenses
D) Maximizing profits
Answer: B) Targeting a specific group of customers
Question: What is the significance of a customer relationship management (CRM) system in business?
A) Increasing production costs
B) Enhancing communication and interactions with customers
C) Reducing competition
D) Controlling inflation
Answer: B) Enhancing communication and interactions with customers.
FAQs
What topics are usually covered in JSS2 third term Business Studies past questions?
JSS2 third term Business Studies past questions typically cover topics such as money and banking, entrepreneurship, business communication, trade and commerce, small-scale business management, and basic accounting principles. Reviewing these areas helps students identify frequently tested concepts and improve exam readiness.
Where can I find reliable JSS2 third term Business Studies past questions and answers?
Reliable past questions and answers can often be found in school libraries, approved examination preparatory books, educational websites, and online forums dedicated to Nigerian junior secondary school exams. Teachers may also provide past questions during revision sessions.
How should I use JSS2 Business Studies past questions to prepare for exams?
Students should start by attempting past questions under timed conditions to simulate the exam environment. Afterward, they should carefully review the provided answers, understand the underlying concepts, and identify areas that need more practice. Combining past questions with notes and textbooks enhances understanding and retention.
Do JSS2 third term Business Studies past questions reflect the actual exam difficulty?
Yes, past questions are a useful guide because they often mirror the structure, question types, and level of difficulty of the actual exams. However, teachers may occasionally update the syllabus or include new questions, so students should not rely solely on past questions but also study current lesson notes.
Also Read: JSS2 Second Term Business Studies Past Questions and Answers
