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Quiz 1.1 Buyers and sellers

Total questions: 11

Worksheet time: 15mins

Name
Class
Date
1.

Who offers things, properties in return for other property.

a)

BUYERS

b)

SELLERS

2.

Who dispose of things in return for money, an example of this is a vendor.

a)

SELLERS

b)

BUYERS

3.

Who pays the agreed amount or price on what had been purchased.

a)

SELLER

b)

BUYER

4.

Who transfer goods and services in exchange for money.

a)

BUYERS

b)

SELLERS

5.

Who evaluates information received.

a)

BUYERS

b)

SELLERS

6.

Who obtain quality goods at the lowest reasonable and lowest cost.

a)

BUYER

b)

SELLER

7.

Who delivers goods on time, with proper care, and place to deliver.

a)

BUYER

b)

SELLER

8.

Who gets back the goods when someone fails to pay.

a)

BUYER

b)

SELLER

9.

Who purchase materials from suppliers.

a)

BUYER

b)

SELLER

10.

Who purchased finished products and services.

a)

BUYERS

b)

SELLERS

11.

Differentiate long-term goals from short-term goals. (5 sentences) (10 points)

4 lines