Bece Business Studies 2023 Past Questions and Answers

Question 1:

• BECE 2023

What is the main function of a business?

A. To produce goods and services
B. To provide employment
C. To generate profit
D. To satisfy customer needs
E. All of the above

Question 2:

• BECE 2023

What is the full form of GDP?

A. Gross Domestic Product
B. Gross Domestic Profit
C. General Domestic Product
D. General Domestic Profit
E. Gross Daily Product

Question 3:

• BECE 2023

Which of the following is a primary function of an accountant?

A. Advertising products
B. Managing financial records
C. Supervising staff
D. Designing products
E. Conducting market research

Question 4:

• BECE 2023

What does SWOT stand for in business analysis?

A. Strengths, Weaknesses, Opportunities, Threats
B. Sales, Work, Organization, Time
C. Services, Wages, Offers, Taxes
D. Stocks, Warehouses, Operations, TrANS#actions
E. Standards, Welfare, Objectives, Targets

Question 5:

• BECE 2023

In business, what does the term "liability" refer to?

A. An asset owned by the company
B. A debt or obligation of the company
C. The profit made by the company
D. The revenue of the company
E. The capital of the company