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LO3.1

Authored by R KENNEDY

Business

12th Grade

Used 2+ times

LO3.1
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19 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the abbreviation COD stand for in transaction documents?

Cash on Demand

Cash on Delivery

Credit on Delivery

Cash on Deposit

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What do T&Cs refer to in transaction documents?

Terms and Conditions

Terms and Credits

Transactions and Conditions

Transactions and Credits

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does "Terms 30 days" indicate in transaction documents?

When delivery is expected

When payment is expected

When the contract ends

When the product is shipped

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a purchase order?

A legal document between supplier and buyer

A receipt for payment

A shipping label

A warranty agreement

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What information does a purchase order typically include?

Items ordered, price, and possibly delivery date

Payment method and shipping address

Return policy and warranty details

Supplier's contact information only

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an invoice?

A document businesses issue to customers requesting payment

A receipt for a completed transaction

A contract between two businesses

A report of annual earnings

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What information is typically included in an invoice?

Customer account, invoice number, delivery date, and payment terms

Employee details, job description, and salary

Product reviews, ratings, and feedback

Company history, mission, and vision

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