Commerce Quiz

Commerce Quiz

9th - 12th Grade

10 Qs

quiz-placeholder

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Commerce Quiz

Commerce Quiz

Assessment

Quiz

Others

9th - 12th Grade

Hard

Created by

Rex undefined

Used 1+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a characteristic of money?

Durability

Portability

Unlimited supply

Divisibility

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A wholesaler that specializes in storing goods and distributing them to retailers is known as a:

Retailer

Manufacturer

Merchant wholesaler

Agent wholesaler

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following best describes the term "consumer sovereignty"?

The influence of government on consumer choices

The ability of producers to control market prices

The power of consumers to determine what is produced

The regulation of trade by commercial banks

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business that is owned and controlled by a single individual is called a:

Partnership

Corporation

Sole proprietorship

Joint-stock company

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following factors is NOT considered when choosing a business location?

Availability of raw materials

Personal preferences of employees

Proximity to the market

Transportation facilities

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The term "fixed capital" refers to:

Money used for daily business expenses

Capital invested in land, buildings, and machinery

Funds used for paying workers' salaries

Loans obtained from financial institutions

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The transfer of ownership of goods and services from producers to consumers is known as:

Trade

Insurance

Warehousing

Transportation

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