Jss3 Third term business studies past questions and answers

Question: What is the role of the Securities and Exchange Commission (SEC) in the financial market?

 

a) Controlling interest rates

b) Regulating and overseeing securities transactions and ensuring investor protection

c) Managing international trade agreements

d) Promoting aggressive marketing strategies

Answer: b) Regulating and overseeing securities transactions and ensuring investor protection

Question: How does supply chain management contribute to efficient business operations?

 

a) Increasing transportation costs

b) Ensuring a smooth flow of goods and services from production to consumption

c) Promoting overstocking of inventory

d) Ignoring supplier relationships

Answer: b) Ensuring a smooth flow of goods and services from production to consumption

Question: What is the purpose of a feasibility study in the business planning process?

 

a) Calculating employee salaries

b) Assessing the viability of a proposed project or business venture

c) Analyzing competitor pricing strategies

d) Ignoring market trends

Answer: b) Assessing the viability of a proposed project or business venture

Question: Why is diversification important in managing business risks?

 

a) Promoting a singular focus on a specific product or service

b) Decreasing market competition

c) Spreading investments across different areas to reduce vulnerability

d) Ignoring customer feedback

Answer: c) Spreading investments across different areas to reduce vulnerability

Question: What is the significance of intellectual property protection for businesses?

 

a) Encouraging plagiarism

b) Safeguarding the rights of creators and inventors

c) Reducing innovation

d) Lowering product quality

Answer: b) Safeguarding the rights of creators and inventors

Question: What is the purpose of a performance appraisal in human resource management?

 

a) Analyzing market demand

b) Evaluating employee job satisfaction

c) Assessing employee performance and providing feedback

d) Ignoring workplace culture

Answer: c) Assessing employee performance and providing feedback

Question: How does the concept of time management impact business productivity?

 

a) Increasing procrastination

b) Reducing employee morale

c) Improving efficiency by prioritizing tasks and deadlines

d) Ignoring project timelines

Answer: c) Improving efficiency by prioritizing tasks and deadlines

Question: What is the role of a marketing mix (4 Ps) in developing a marketing strategy?

 

a) Focusing solely on product development

b) Considering product, price, place, and promotion to meet customer needs

c) Ignoring market segmentation

d) Promoting excessive advertising

Answer: b) Considering product, price, place, and promotion to meet customer needs

Question: How does environmental sustainability impact business operations?

 

a) Increasing waste production

b) Promoting resource depletion

c) Fostering responsible and eco-friendly business practices

d) Ignoring carbon emissions

Answer: c) Fostering responsible and eco-friendly business practices

Question: What is the significance of a contingency plan in risk management?

 

a) Encouraging unnecessary expenses

b) Preparing for and addressing unexpected events or crises

c) Disregarding employee safety measures

d) Minimizing long-term goals

Answer: b) Preparing for and addressing unexpected events or crises

Question: How does the concept of cultural diversity benefit workplace dynamics?

 

a) Reducing creativity

b) Fostering a variety of perspectives and ideas

c) Ignoring employee well-being

d) Minimizing communication barriers

Answer: b) Fostering a variety of perspectives and ideas

Question: What is the role of a business incubator in supporting entrepreneurial ventures?

 

a) Decreasing innovation

b) Providing funding for established businesses

c) Offering resources and guidance to start-up companies

d) Ignoring market trends

Answer: c) Offering resources and guidance to start-up companies

Question: How does social media marketing contribute to brand promotion?

 

a) Decreasing customer engagement

b) Facilitating direct communication with customers and enhancing brand visibility

c) Ignoring market segmentation

d) Reducing product quality

Answer: b) Facilitating direct communication with customers and enhancing brand visibility

Question: What is the purpose of quality assurance in production processes?

 

a) Promoting substandard products

b) Ensuring that products meet specified standards and customer expectations

c) Ignoring customer satisfaction

d) Decreasing production costs

Answer: b) Ensuring that products meet specified standards and customer expectations