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Foreign Trade Terms Quiz

Total questions: 16

Worksheet time: 9mins

Name
Class
Date
1.

A ___________ is a unit of exchange, facilitating the transfer of goods and services.

a)

Currency

b)

Business

c)

Enterprise

d)

Market

2.

Almost any business or organization can be called a/an .......................

a)

Trade fair

b)

Strategy

c)

Enterprise

d)

Tax

3.

A/An ..............…...... is a long term plan of action designed to achieve a particular goal.

a)

Tactic

b)

Action

c)

Cost

d)

Strategy

4.

....................... is the act of making or creating things, in particular the act of making products that will be traded or sold commercially.

a)

Production

b)

Pricing

c)

Resource

d)

Marketing

5.

................. is the voluntary exchange of goods, services, or both.

a)

Trade fair

b)

Trade

c)

Subsidy

d)

Tax

6.

A _________ is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses

a)

Tax

b)

Money

c)

Subsidy

d)

Currency

7.

A/An ................…...... is a social arrangement that allows buyers and sellers to discover information and carry out a voluntary exchange of goods or services.

a)

Trade fair

b)

Market

c)

Enterprise

d)

Business

8.

In marketing, a ....……............. is anything that can be offered to a market that might satisfy a want or need.

a)

Currency

b)

Money

c)

Product

d)

Pricing

9.

A/An .............….......... is an exhibition organized so that companies in a specific industry can showcase and demonstrate their new products and services.

a)

Market

b)

Enterprise

c)

European Union

d)

Trade fair

10.

................…............... is the exchange of goods and services across international boundaries or territories.

a)

Trade fair

b)

Marketing

c)

International trade

d)

Advertising

11.

Which one is an example of Direct Tax?

a)

Income Tax

b)

Service Tax

c)

VAT

d)

Custom Duty

12.

which one is NOT a an example of Indirect Tax?

a)

Custom Duty

b)

VAT

c)

Wealth Tax

d)

Excise Duty

13.

(a)   is a mandatory payment to government or state.

14.

If trade happens between more than two sides, then it is called _________

a)

bilateral trade

b)

multilateral trade

15.

Currency means (a)   (in Turkish)

16.

Which one is paid for goods?

a)

Fee

b)

Price

c)

Fare

d)

Interest