
2024 O/N - 2
Quiz
•
Financial Education
•
9th - 12th Grade
•
Practice Problem
•
Hard
Cho Tan
FREE Resource
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40 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How is industry defined?
activities that lead to the satisfying of human wants
buying and selling products
extraction, manufacturing and construction
provision of direct services
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is an advantage of specialisation to factory workers?
better production quality
fewer tools used
improved skills
over-production
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Mr. X has started a business selling cheese to Germany.
Which types of interrelated commercial activities is Mr. X involved in?
commercial services and direct services
commercial trade and direct services
export trade and commercial services
import trade and commercial services
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a feature of a multiple chain store?
centralised purchasing
less than five branches
many departments
wide range of services
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is the branding of goods important for self-service store?
Customers can identify the goods they require.
Goods are less likely to be damaged.
Perishable goods may be stored for long periods.
Prices of goods are clearly marked.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The diagram shows a customer buying goods from a retailer.
loyalty schemes
mobile retailing
omnichannel retailing
showrooming
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which method of credit is most likely to be used to buy a new luxury car?
credit card
extended credit
hire purchase
informal credit
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