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Worksheets

Commerce

Total questions: 20

Worksheet time: 16mins

Name
Class
Date
1.
Which of the following is NOT a service
a)
Bus ride
b)
Movie
c)
Pen
d)
Haircut
2.
A person who buys goods and services is called a
a)
Consumer
b)
Producer
c)
Server
d)
Student
3.
Which of the following would be a complementary good for  a skateboard
a)
Scooter
b)
Pen
c)
Bus ride
d)
Helmet
4.
What would be a substitute product for a car
a)
Car seats
b)
Bike
c)
Car Wash detergent
d)
New wiper blades
5.
How much  a producer is prepared to make is referred to as 
a)
Supply
b)
Demand
c)
Popularity
d)
Price
6.
How much a consumer is prepared to buy is referred to as
a)
Demand
b)
Supply
c)
Price
d)
Homework
7.
GST
a)
Goods and services total
b)
Goods and School Tax
c)
Goods and Services Tax
d)
Great Services Tax
8.
A product that is scarce would be
a)
Milk
b)
Bananas
c)
Diamonds
d)
Bread
9.
A person who makes goods and services is a
a)
Consumer
b)
Producer
c)
Server
d)
Builder
10.
When there is only one producer it is called
a)
An Oligopoly
b)
A Scrabble
c)
A Monopoly
d)
A Loner
11.
The price of a product can be influenced by the weather or time of year
a)
True
b)
False
12.

Digital economy also known as

a)

brick-and-mortar economy

b)

web economy

13.
A person who buys goods and services is called a
a)
Consumer
b)
Producer
c)
Server
d)
Student
14.

What do you prefer?

a)

Online shopping

b)

Offline shopping

15.

E-commerce is a latest technology related with

a)

Commerce

b)

Computer

c)

Both Commerce and computer

d)

buying and selling

16.

What is e-commerce?

a)

Buying goods and services on your local high street

b)

Business transactions involving payment using credit card

c)

Commercial transactions conducted electronically on the Internet

d)

Selling a range of good and services at your local car boot sale

17.

E - commerce is business using electronic means.

a)

True

b)

False

c)

Both A and B

d)

Non of the above

18.

Barter system is

a)

Current method of trade

b)

Using credit cards and new methods of money

c)

Services to trade

d)

Exchanging goods to goods

19.

The correct debit entries are

a)

Asset increases, Expenses decreases, Liabilities increases

b)

Asset increases, Expenses increases, Equity decreases

c)

Asset decreases, Income Increases, Capital increases

20.

who is the head in HUF

a)

Karta

b)

Partner

c)

Co-parcener