ICT-EPP SUMMATIVE TEST
Quiz
•
Other
•
6th Grade
•
Medium
OLIVER DIZON
Used 4+ times
FREE Resource
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50 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Buyer is defined as "a party which acquires, or agrees to acquire, ownership (in case of goods), or benefit or usage (in case of services), in exchange for money or other consideration under a contract of sale."
TRUE
FALSE
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Seller is defined as " a party that makes, offers or contracts to make a sale to an actual or potential buyer."
TRUE
FALSE
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A buyer is someone who makes a purchase while seller is someone who sells something.
TRUE
FALSE
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To be a successful seller, you must not consider building relationship to buyers.
TRUE
FALSE
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An entrepreneur also buys the raw materials to create a product that he would like to sell.
TRUE
FALSE
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An entrepreneur can be both a buyer and a seller
TRUE
FALSE
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Buying process is the series of steps that a consumer will take to make a purchasing decision.
TRUE
FALSE
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