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Commerce & Production - UNIT TEST

Authored by Guerline Joseph

Business

10th - 12th Grade

Used 9+ times

Commerce & Production - UNIT TEST
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50 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an aid to trade?

wholesaling

retailing

warehousing

export

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Buying and selling of goods and services takes place within the geographical boundries of a country is called?

Internal trade

Wholesale trade

International trade

Export trade

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When goods and services are purchased from another country is called?

Entrepot trade

Export trade

Import trade

Retail trade

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A factor of production is an _________ in the production process.

ingredient

input

item

output

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All of the following are considered to be factors of production EXCEPT?

products

labour

land

enterprise

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The reward for the entrepreneur is:

rent

salary

profit

interest

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The Caribbean has a sunny climate, some of the world’s most beautiful beaches, diverse fauna, etc.  What industry can be derived from these natural resources?

Tourism

Banking

Retail

Manufacturing

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