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Business Studies Topical Questions and Answers

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Summary

BUSINESS STUDIES.
TOPICS COVERED
PAGE
1. Introduction to Business Studies……………………………………………… 3
2. Business and it environment…………………………………………………… 3
3. Satisfaction of human wants…………………………………………..………. 4
4. Production……………………………………………………………………… 4
5. Entrepreneurship……………………………………………………………… 5
6. The office………………………………………………..………………………6
7. Home trade………………………………………………..……………………..7
8. Forms of Business units………………………………………………………...10
9. Government and business……………………………………………………….10
10. Transport ………………………………………………………………………..11
11. Communication………………………………………………..………………..11
12. Warehousing………………………………………………..……………………12
13. Insurance……………………………………………….. ………………………13
14. Product promotion………………………………………………..……………..14
15. Demand and supply…………………………………………………………….. 14
16. The theory of the firm………………………………………………..………… 15
17. Product markets……………………………………………….…………….…. 16
18. Chain of distribution………………………………………………………….... 17
19. National income……………………………………………………………….. 18
20. Population and employment…………………………………………………… 18
21. Determining the network of a business………………………………………… 19
22. Business transactions…………………………………………………………... 20
23. The ledger………………………………………………………………………..23
24. The cash book…………………………………………………………..………..24
25. Source document and books of original entry……………………………..…….27
26. Financial statement ………………………………………………..……………28
27. Incomplete records………………………………………………..………….….30
28. Money and banking………………………………………………..…………… 31
29. Public finance………………………………………………..…………….…… 32
30. Inflation………………………………………………………………………… 33
31. International trade………………………………………………………………..33
32. Economic development and planning ………………………………………..…34

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