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Worksheets5th Form Six Week Test
Total questions: 50
Worksheet time: 25mins
The place where goods are stored
supply chain
streamlined
raw materials
warehouses
Parts you need to construct something
components
raw materials
clients
supply chain
The series of processes and companies involved in making and selling a product
order
logistics
stock
supply chain
The 'middleman' between the manufacturer and retailer
consumers
suppliers
distributors
company
The basic substances used to make something
factory
distribution
stock
raw materials
what is the function of transportation
For Product Movement
For Supply
For Convienience
all of the above
advantages of air transport
high speed
high costs
slow
more risks
Transportation functionality includes _________
Product Movement
Product Storage
Neither A or B
Both A & B
Reverse logistics is required because
Goods are defective
Goods are unsold
The customer simply change their minds
All of above
Which of the following is NOT a reason that companies are depending more on their suppliers?
More focus on core competencies
Need for more flexibilities
More control over their suppliers
Desire to share risks
Reverse logistics is an activity that ensures _____________.
Productivity
Quick response
Reuse and recycling of products
Quality standards
.................... tends to focus upon transportation and distribution
Supply Chain Management
Logistics Management
Project Management
Distribution Management
Exchange of Information is a movement in the supply chain system
Yes
No
Which of the following are activities in the supply chain operations?
Transformation of natural resources
Movement and storage of natural resources
Processing of raw materials into finished goods
Storage of work in progress and finished goods
________ is not a component of logistics and supply chain operations.
Promotion
Forward and reverse flow
Warehousing
Insurance
_______________help (s) ports and the shipping community to increase productivity and save costs through the greater use of information technology and the internet
Portnet
Telemarketing and e-commerce
Geographical Information Systems
Global Positioning Systems
______ is the centre or specific designated area identified to ideal with activities related to transportation, organisation separation and co-ordinating goods for national and international trade.
Portnet
logistic
Logistic Hub
E-commerce
When a business imports raw materials into the country, it needs to apply for a document which gives official permission to import the item. Which document is it?
Patent
Invoice
Bill of lading
Import licence
The middlemen who are in closest contact to the customers are:
Wholesalers
Retailers
Agents
Producers
Raw materials and products can be transported by
Road
Rail
Air
Sea
All of these
Supply chain facilities include...
Retail outlets
Warehouses
Processing Centers
Offices
Who is the one receiving components from the supplier to produce a finished goods or services?
Seller
Producer
Retailer
Customer
All of the following are forms of savings except____.
sou-sou
bank loan
deposits In financial institutions
short term fixed deposits
______ is where stocks and shares in companies are bought and sold.
The stock market
Financial institution
Government securities
Mutual funds
____is a piece of paper showing that an investor has lent the government money for a given period of time.
A Bond
A government security
A mutual fund
A Collateral
All of the following are forms of short-term Financing except_______
Trade credit
bond
Commercial bank loans
Promissory notes
Hire purchase is an example of ________.
installment credit
indigenous credit
private money lenders
commercial bank loans
Sou-sou is an example of_______.
promissory notes
installment credit
indigenous credit
private money lenders
________ is the loan extended by one trader to another when the goods and services are bought on credit.
Private money lenders
Trade credit
Installment credit
Indigenous credit
_______ is the practice of funding a project or venture by raising money from a large number of people who each contribute a relatively small amount, typically via the internet.
Factoring
Venture capitalists
Crowd funding
Angel investors
____ and _____ provide funding for businesses that find it difficult to raise finance.
Advances from customers
Factoring
Venture capitalists
Angel investors
The business of purchasing debts from clients at a discount and making a profit from their collection is called_____.
trade credit
commercial bank loans
factoring
promissory notes
______is a company that pools money from many investors and invests the money in securities such as stocks, bonds, and short-term debt.
Financial institution
Mutual fund
Factoring
Venture capitalists
Which type of deposits gives highest rate of interest?
Current Deposits
Fixed deposit
Recurring Deposit
None of these
Which one is the primary function of commercial bank?
Receiving deposits
Controlling loan
Issuing note
Leading money market
Acting as a lender of last resort, a central bank lends to
Stock exchange
Does not lend
Money Market
Commercial bank
What is the name of Jamaica's Central Bank
Scotia Bank
National Commercial Bank
Bank of Jamaica
Credit Union
Credit Unions
These banks specialise in helping large business organisations to raise finance to fund their operations and expansion, usually through helping them to issue an sell stocks and shares on the stock market.
These are also known as savings and loans associations or building societies.
This is a co-operative, not-for-profit organisation, owned by and for its members. They provide low cost loans for people on low incomes.
This type of bank offers services based on the principles of Sharia Law which forbids interest charges and payments.
You received money from the government to pay for college.
A scholarship
A grant
Work Study
Loan
Which of the following is not a source of long-term finance?
Bonds
Mortgage
Debentures
Trade credit
Countries with few natural resources must depend on ____.
exports
imports
tariffs
quotas
All of the following are forms of savings except_______.
Sou sou
mutual funds
deposits in financial institutions
short term fixed deposits
You are placed in charge of your household budget for the month. What is one of the first things you should examine as you plan the budget?
The number of visitors you will have in the next month
The average income for your neighborhood
The number of chores each person has
The income for the household
What are some benefits of following a budget for your household?
You can plan for saving money.
You can see where you need to adjust your spending
You can see how other households are spending their time.
You can make sure your household is not spending more than it is earning.
You are in control of your money.
Your household income is $4000 a month.
Here are the household's expenses:
Savings: $400
Mortgage: $1200
Utilities (Electric, Water): $300
Groceries: $500
Phone Service: $200
Vehicle/Transportation Costs: $600
Entertainment: $500
Does your household have enough income to pay for all of the expenses?
Yes, by $500
No, by $300
Yes, by $300
No, by $200
