commerce practicals

commerce practicals

11th - 12th Grade

7 Qs

quiz-placeholder

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commerce practicals

commerce practicals

Assessment

Quiz

Business, Social Studies, Education

11th - 12th Grade

Medium

Created by

maya suresh

Used 5+ times

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7 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A person who buys goods and services is called a

Consumer
Producer
Server
Student

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

How much  a producer is prepared to make is referred to as 

Supply
Demand
Popularity
Price

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

GST

Goods and services total
Goods and School Tax
Goods and Services Tax
Great Services Tax

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

When there is only one producer it is called

An Oligopoly
A Scrabble
A Monopoly
A Loner

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The point at which both consumers and producers are happy with the price is called

Happy Days
Price Equilibrium
Breaking Point
Even Point

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The price of a product can be influenced by the weather or time of year

True
False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Digital economy also known as

brick-and-mortar economy

web economy