wayground logo

Free Printable Worksheets

Font size

S
M
L
XL
Worksheets

Y8 Commerce Quiz

Total questions: 21

Worksheet time: 19mins

Name
Class
Date
1.

Buyer beware can be described as caveat (a)   ?

2.

Pay Day Loans are?

a)

Difficult to apply for

b)

High risk

c)

Low risk

d)

100% legal

3.

Ensuring that both parties receive something in return (such as a product + payment) in a contract.

(a)  

4.

A child cannot form a legal contract because they don't have legal (a)   .

5.

Daisy posts a car online for $1. Maxime wants to buy it and sues Daisy when she doesn't agree to sell it to him for the price advertised. This is because there was a lack of offer and (a)   .

6.

If Victor blackmails Mr Darius into signing a contract, it is not legal because there is a lack of genuine (a)   .

7.

A contract is an agreement which is?

a)

Legally binding

b)

A promise

c)

A suggestion

d)

Just a piece of paper

8.

One responsibility of the consumer is to buy products from (a)   sources.

9.

The consumer must accept most of the (a)   .

10.

A right of the consumer is for _____ ________ on terms of sale.

(a)  

11.

If Gael sells Ms Ngoc a car and it breaks down 5 minutes after Ms Ngoc drives it, does Gael need to pay for it?

a)

Yes

b)

No

12.

Credit cards can be described as "buy now, pay (a)   ".

13.

Bait and switch is a scam where a product is advertised at a low price, only for the consumer to be offered a different product at a (a)   price.

14.

A card which uses only the funds you have available in your bank balance is a (a)   card.

15.

Which of the following would not be able to be part of a legal contract?

a)

Selling a dog

b)

Selling a computer

c)

Selling a car

d)

Selling a human

16.

Regular overspending on a credit card can lead to a low credit score and credit card (a)   .

17.

The amount of money you have to pay back to a credit card company (usually as a % of money borrowed) is called (a)   .

18.

A scam, where a product is sold at an extremely high price is a rip- (a)   .

19.

A written guarantee by a seller to a consumer, such as a promise to repair a damaged product within a certain period of time after sale is called a (a)   .

20.

The process of a seller righting a wrong to a consumer is called customer (a)   .

21.

Which of the following is a right of consumers.

a)

Products at the best price possible.

b)

Products that will last a long time.

c)

Products that will hold their value.

d)

Products that are safe.