Commerce - Year 9

Commerce - Year 9

Assessment

Quiz

Created by

analiese mai

Other

9th Grade

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14 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does EFTPOS stand for?

economic funds to position of sale

economic funds transfer point of sale

electronic funds transfer point of sale

electronic funds to point of sale

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which statement is true concerning needs and wants in Commerce?

Wants are necessary for survival

Needs are not necessary for survival but things that we would like to have

Wants are things we would like to have, needs are necessary for survival

Wants are money received on a regular basis

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following represents the traditional distribution chain for goods and services?

Retailer > customer > wholesaler > manufacturer

Wholesaler > manufacturer > retailer > customer

Manufacturer > wholesaler > retailer > customer

Manufacturer > retailer > wholesaler > customer

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is an example of a non retail store?

Convenience store

Department store

Supermarkets

Vending machines

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who is the drawer on a cheque?

The person at the bank that draws the money from one bank account to another

The person who writes and signs the check

The person who receives the money

The bank

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following payment methods involve interest costs for the buyer?

Cash

Cheque

Lay-By

Credit card

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Before coins and notes were used, what was the system of exchange called?

Bibs

Bananas

Barter

Buter

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