Bece Business Studies Past Questions and Answers

Question 21:

• BECE 2023

What does "HR" stand for in a business context?

A. Human Resources
B. High Revenue
C. Human Rights
D. Health Regulations
E. High Risk

Question 22:

• BECE 2023

Which of the following is an external source of finance for a business?

A. Retained earnings
B. Owner’s equity
C. Bank loANS#
D. Internal savings
E. Depreciation

Question 23:

• BECE 2023

Which of the following is a characteristic of a sole proprietorship?

A. Limited liability
B. Shared ownership
C. Single owner
D. Perpetual existence
E. Corporate structure

Question 24:

• BECE 2023

What is the primary role of a manager in a business?

A. To design products
B. To oversee and coordinate activities
C. To conduct market research
D. To handle customer complaints
E. To manage financial accounts

Question 25:

• BECE 2023

What is the main advantage of a franchise?

A. Complete control over the business
B. Established brand recognition
C. No need for initial capital
D. No ongoing fees
E. Independent decision-making