Font size
WorksheetsBANKING
Total questions: 65
Worksheet time: 1hrs 5mins
Which of the following are parts of writing a check?
Date
Signature
Who you are paying
The address of the person you are paying.
What is a payee?
Person you are paying
The amount of money you are paying
Your signature
Which of the following is a rule for writing a check?
Write the check in pencil
Leave the memo blank
Write the check in pen
What is wrong with this check?
They didn't write who they are paying.
The money amount in dollars is wrong.
The money amount written in words is wrong.
What is wrong with this check?
They did not draw the line at the end of the money amount.
The dollar amount is wrong.
The check was not signed.
The memo is wrong.
Where does your signature go?
The bottom left corner.
The pay to the order of blank.
The bottom right corner.
Where does the dollar amount go?
Pay to the order of blank.
Next to the dollar sign.
The memo
The blank under pay to the order of
The memo must be filled out.
True
False
Where can you find the account number?
Next to the date.
At the top of your check.
At the bottom of your check.
Where can you find the check number?
At the bottom of the check.
At the top of the check next to the date.
What is a cash discount?
Given to customers who buy in bulk
Given to customers for paying their debts promptly
The price at which the trade usually sells the product
The invoice received by a customer for a credit purchase made
What is a trade discount?
Given to customers who buy in bulk
Given to customers for paying their debts promptly
The price at which the trade usually sells the product
The invoice received by a customer for a credit purchase made
A business has a received an invoice of $63 for purchases made. On the invoice, it is said that the business will received a 2% cash discount if the invoice is paid for by the 31st of August 2020.
How much will the business pay in total if payment is made by the 29th of August 2020?
$63
$1.26
$61.74
$64.74
What is a debit note?
A document issued by a business to the supplier when the goods received are unsuitable.
A document issued by a business to a customer when goods are returned to the business because they are unsuitable.
A document issued to all customers still owing money to the business.
A document issued by a business when making a credit sale.
What is a credit note?
A document issued by a business to the supplier when the goods received are unsuitable.
A document issued by a business to a customer when goods are returned to the business because they are unsuitable.
A document issued to all customers still owing money to the business.
A document issued by a business when making a credit sale.
How will this debit note affect Mr. Johnson's payment in the future?
It will increase by $90
It will increase by $94.50
It will decrease by $90
It will decrease by $94.50
State the rate of trade discount mentioned in the note.
5%
10%
2%
None
What business document is this?
Credit note
Bank statement
Statement of account
Receipt
What business document is this?
Receipt
Bank statement
Paying-in slip
Cheque
Who is the 'payee' in this cheque?
Wikimedia Foundation
John Jones
Donation
One hundred dollars
Wikimedia Foundation would make the following entries in their double entry accounts:
Bank would be debited by $100
John Jones' account would be credited by $100
True
False
In a bank statement, if the business has money in its bank account, it will appear as a _______ balance.
debit
credit
Labor refers to...
people with all their efforts and abilities
individuals who start a new business or bring a product to market.
the tools, equipment, and factories used in production of goods and services.
The "gifts of nature" or natural resources not created by human effort.
Entrepreneurs are...
people with all their efforts and abilities
individuals who start a new business or bring a product to market.
The "gifts of nature" or natural resources not created by human effort.
the tools, equipment, and factories used in production of goods and services
Advertisements are to attract and persuade consumers to buy the products or services
True
False
This is a form of print media
True
False
_________________ includes using television and radio advertising to reach large audiences.
Print media
Electronic media
Broadcast media
What technique and strategy is used in this advertisement?
Emotional appeal
Slogans and jingles
Gifts
Sponsorships
A phrase used to advertise a product, or to identify a company or organisation is a ....
logo
slogan
"Have it Your Way"
The goal of this is to increase sales
Promotional advertising
Institutional advertising
What is an advantage of advertising in a magazine?
a business can select it's audience
less mass appeal
not as relevant in today's world
What is a disadvantage of direct mailings?
It's inexpensive
The timing of the mailing can be selected
It's expensive
Example of outdoor advertising
Internet ads
Billboards
Newspaper
What are the two types of broadcast media?
TV and internet
Radio and internet
Radio and TV
What is one major disadvantage of TV advertising?
It's expensive
It reaches a lot of potential customers
It come's right into the viewer's homes
Business process of creating relationship with and satisfying customers.
Advertisement
Marketing
Market Research
Market Study
Long-term, forward-looking approach to planning with the fundamental goal of achieving a sustainable competitive advantage.
Advertisement
Marketing
Marketing Plan
Marketing Strategy
Comprehensive document or blueprint that outlines the advertising and marketing efforts for the coming year.
Marketing Plan
Market Research
Marketing Strategy
Product Testing
Process of gathering, analyzing, and interpreting information about market, product, or service to be offered for sale in the market, about the past, present and potential customers for the product or service.
MARKETING PLAN
MARKET RESEARCH
MARKETING STRATEGY
PRODUCT TESTING
Asking survey questions aimed capturing needs, values, attitudes, behaviors and demographics.
ADVERTISING TESTING
BRAND AWARENESS AND REACH
MARKET SEGMENTATION
PRODUCT TESTING
Help produce marketing messages to change or enhance existing perceptions about your products/ services
ADVERTISING TESTING
BRAND AWARENESS AND REACH
MARKET SEGMENTATION
PRODUCT TESTING
Pinterest, Instagram, Facebook are example of ........
DISPLAY ADS
PODCASTS
SOCIAL MEDIA ADS
VIDEO ADS
Say how much something will cost
quote
ship
issue
track
Dispatch goods
ship
issue
track
quote
follow the progress of something
track
quote
demand
acknowledge
question to get information
enquiry
shipment
purchase
terms
And can you also tell me how long it will take to ..... them?
deliver
delay
price
goods
An invoice of RM 1500 is offered cash discount terms of 5/10, 3/20, n/60
What is n/60 stand for?
n divided with 60
Cash discount will be offered if the buyer or customer manage to pay the bills within the discount period
cash discount will be offered if the buyer or customer manage to pay the bills within 20 days
No discount offered, buyer have to pay full amount of bill
how many central banks are there in The Bahamas
1
2
3
4
the Function of The Central Bank that control the money supply is
lender of last resort
Advisor to the government
controls the issue of currency
bankers bank
The Function of the Central bank that helps the government to get a loan is
the governments bank
governments' advisor
managing government borrowing
bankers bank
The Central Bank can print money whenever they want.
TRUE
FALSE
Who license Commercial Banks ?
government
Central Banks
they don't need license
they bring their own
Banks control the money supply by
restricting the amount of money in circulation
lending
borrowing
printing more money
