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WorksheetsRevision 1
Total questions: 25
Worksheet time: 1hrs 22mins
What is secondary production?
Direct service
Exhaustive industries
Manufacturing
Non-exhaustive industries
What is the advantage to a factory owner of using specialisation?
Greater craftmanship
increased used in machinery
more workers required
workers dependent on one another
what is a feature of a department store and not of an e-shop?
Accept payments by credit card
Up-to-date website
Located in a busy shopping centre
Offer refunds to customers
which service is carried out by retailer to help both customer and manufacturer?
displaying goods for sale
having conveniently sited shops
helping to clear goods from factory
offering informal credit
This text was posted on a tablet computer in a store
Cash price: $450
Hire Purchase price:
Deposit $200 and 12 monthly installments of $25
How much more would the tablet computer cost if it was bought on hire purchase?
$25
$50
$300
$500
Buying in bulk and selling in smaller quantities is a service provided by the ...
Manufacturer for the retailer
Manufacturer for the wholesaler
Wholesaler for the retailer
Retailer for the wholesaler
What does an unfavorable balance of trade mean?
A country has imported more goods than it has exported
A country has imported more services than it has exported
A country's total imports exceed its total exports
A country's total export exceed its total import
What is browsing the internet by going from one page to another known as?
Blending
Phishing
Hacking
Surfing
What is not an example of social media?
Blog
Chatroom
Voicemail
Forum
What does employer's liability insurance cover?
Faulty product
Injuries to customers
Injuries to employees at work
Theft by employees
What banking service is this?
Bank draft
Documentary credits
Internet banking
Telephone banking
What is an example of an economic factor affecting commercial activities?
better communication
changes in consumer taste
political stability
unemployment level
which product may contribute to global warming?
electric cars
plastic bags
reusable shopping bags
solar panels
Form of specialisation involves in..
construction
country
primary
tertiary
Producers need to satisfy human needs and wants. What is the example of human need?
clothing
entertainment
social media
transport
what is an advantage of using a mobile phone than a landline?
It is difficult to steal
Can be used for local calls only
Can be used anywhere
Requires signal to operate
What is a function of warehousing?
Maintain supplies
Manufacture goods
Provide after-sales service
Standardise goods
Identify the brand of this business
What is meant by division of labour?
One advantage of division of labour
Demotivated
Increased output per worker
Dependent on other worker
Standardised goods and services
State 2 functions of a barcode
State 2 disadvantages of using newspaper advertising
Define informative advertising
Reason why customer prefer independent retailer than large supermarket
Provide a very wide variety choices of goods
Provide a personal and friendly service
Sell good at a very low price
Busy environment especially on weekend
what is not a characteristic of a Sole trader?
Easy to set up
Unlimited capital
Owned by an individual
Very small operation
