introduction business skills LB

The exchange of goods and services without the use of money is known as a ______ system.

• service

• consumer

• producer

• barter

Which option is NOT a business activity?

• A. Production of goods

• B. Transportation

• C. Exchange of goods

• D. Work in a factory for wages

Jason is going to Kuala Lumpur to provide computer training to a company. Which of the following best describes Jason?

• A leisure tourist

• A cultural traveller

• A business tourist

• An environmental traveller

________ is a document that is sent by the buyer to the seller to inquire about the availability of goods, their prices and methods of supplying the goods.

• A quotation

• Purchase order/Order form

• Letter of inquiry

• Statement of Account

______ is a document that is sent by the seller to the buyer in response to a specific letter of inquiry.

• A quotation

• Purchase order/Order form

• Letter of inquiry

• A. Statement of Account

_____ is a document sent by the buyer to the seller requesting the seller to supply the goods or services whose details are given in the order.

• A quotation

• Purchase order/Order form

• Letter of inquiry

• Statement of Account

_____is a document that is sent by the seller to the buyer to show a summary of all the transactions between the seller and the buyer over a given time and the amounts owing to the seller.

• A quotation

• Purchase order/Order form

• Letter of inquiry

• Statement of Account

Banks create money by taking in deposits, making _______, and charging _______.

• interest, payments

• payments, loans

• loans, interest

• debt, loans

Which of the following defines an international tourist?

• People who go for a day trip

• People who travel in their city of residence

• People who visit an another country

• People who are travelling within their own country

Which of the following is NOT an economic activity?

• Buying crude oil to produce refined oil

• Providing food to the needy

• Providing personalised service by the car mechanic

• Buying and selling vegetables at the wet market