Basic Commerce & Management Quiz

Basic Commerce & Management Quiz

7th Grade

25 Qs

quiz-placeholder

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Basic Commerce & Management Quiz

Basic Commerce & Management Quiz

Assessment

Quiz

Business

7th Grade

Hard

Created by

Lalitha Periasamy Nathan

Used 2+ times

FREE Resource

25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

What are the different types of production?

Manufacturing, Distribution, Transportation, Communication

Extraction, Construction, Advertising, Banking

Primary, Secondary, Tertiary, Quaternary

Agricultural, Industrial, Service, Retail

2.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

What is the definition of commerce?

The production of goods and services

The construction of homes and buildings

The buying and selling of goods and services

The extraction of raw materials

3.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

What is trade?

The extraction of raw materials

The buying and selling or exchange of goods or services

The manufacturing of goods

The transportation of goods

4.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

What is home trade?

The buying and selling of goods within a country

The buying and selling of goods between different countries

The manufacturing of goods within a country

The transportation of goods within a country

5.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

What is foreign trade?

The buying and selling of goods within a country

The buying and selling of goods between different countries

The manufacturing of goods within a country

The transportation of goods within a country

6.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

What is the purpose of communication as an aid to trade?

To help producers, sellers, and buyers get and pass information quickly

To facilitate the collection and distribution of goods

To provide insurance for producers and sellers

To protect against losses

7.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

What is the purpose of advertising as an aid to trade?

To help producers, sellers, and buyers get and pass information quickly

To facilitate the collection and distribution of goods

To communicate information about goods to the public

To provide insurance for producers and sellers

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