Commerce

Commerce

8th Grade

10 Qs

quiz-placeholder

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Assessment

Quiz

Business

8th Grade

Practice Problem

Easy

Created by

krethik lalithakumar

Used 1+ times

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10 questions

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1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Media Image

What are the functions of a large scale retailer ?

Invest a lot in Capital

Does not arrange transport

Does not buy in bulk

Buys raw materials

2.

FILL IN THE BLANK QUESTION

45 sec • 1 pt

Media Image

The function of the wholesaler is to buy from

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Media Image

what is visible trade ?

trade in retail

Trade in raw materials

Trade in Goods

Trade in Services

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Media Image

Select the correct advantage of sole trader

He can freely take holidays.

job management can be divided

unlimited liability

Able to make quick decisions.

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Media Image

what is exports ?

They are trade in services

when your own country sells something to another country.

trade in goods

when your own country buy goods from other countries.

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Media Image

Which of these is the correct disadvantage of a sole trade?

Bearing losses

No need to give salary

Can make decisions alone.

There won't be any conflicts.

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which of these is the correct advantage of a partnership?

Disagreements

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Unlimited liability

Share profits

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