Unit 2 Key Terms

Unit 2 Key Terms

11th - 12th Grade

10 Qs

quiz-placeholder

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Unit 2 Key Terms

Unit 2 Key Terms

Assessment

Quiz

Social Studies

11th - 12th Grade

Medium

Used 18+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Remittance advice 

notification sent by a customer to a supplier informing them that their invoice has been paid.

an instruction given by an account holder to the bank to allow another account holder (usually a business) to withdraw funds from that account.

to reimburse staff for small purchases made for the business

this is sent by the seller / supplier to a customer if, for example goods received by a customer have been damaged in transit, an error has been made on the invoice or the customer returns an item

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Invoice

an instruction given by an account holder to the bank to pay a specific amount to another account on a regular basis

a document that a business issues to customers requesting payment for goods

– this is issued by a  supplier to a customer, usually at the end of each month. This states all transactions over the last period 

rules which provide a framework for employees to follow which are associated with the levels of responsibility employees have in the hierarchy.

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Agenda

form of promotion that is used when a business wants to make an announcement to the media 

Document produced in advance of a meeting which lists items to be discussed

these provide a summary of what is discussed and agreed in a meeting

a legally binding document between a supplier and a customer/buyer. It lists the items ordered and the agreed purchase price. 

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Press release 

these provide a summary of what is discussed and agreed in a meeting

Document produced in advance of a meeting which lists items to be discussed

these provide a summary of what is discussed and agreed in a meeting

form of promotion that is used when a business wants to make an announcement to the media 

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Minutes

these provide a summary of what is discussed and agreed in a meeting

Document produced in advance of a meeting which lists items to be discussed

form of promotion that is used when a business wants to make an announcement to the media 

a document that a business issues to customers requesting payment for goods

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Standing order 

a document that a business issues to customers requesting payment for goods

an instruction given by an account holder to the bank to allow another account holder (usually a business) to withdraw funds from that account.

an instruction given by an account holder to the bank to pay a specific amount to another account on a regular basis

to reimburse staff for small purchases made for the business

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Purchase order 

notification sent by a customer to a supplier informing them that their invoice has been paid.

a document that a business issues to customers requesting payment for goods

a legally binding document between a supplier and a customer/buyer. It lists the items ordered and the agreed purchase price. 

this is sent by the seller / supplier to a customer if, for example goods received by a customer have been damaged in transit, an error has been made on the invoice or the customer returns an item

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