2024 O/N - 2

2024 O/N - 2

9th - 12th Grade

40 Qs

quiz-placeholder

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2024 O/N - 2

2024 O/N - 2

Assessment

Quiz

Financial Education

9th - 12th Grade

Practice Problem

Hard

Created by

Cho Tan

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40 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How is industry defined?

activities that lead to the satisfying of human wants

buying and selling products

extraction, manufacturing and construction

provision of direct services

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an advantage of specialisation to factory workers?

better production quality

fewer tools used

improved skills

over-production

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Mr. X has started a business selling cheese to Germany.

Which types of interrelated commercial activities is Mr. X involved in?

commercial services and direct services

commercial trade and direct services

export trade and commercial services

import trade and commercial services

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a feature of a multiple chain store?

centralised purchasing

less than five branches

many departments

wide range of services

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is the branding of goods important for self-service store?

Customers can identify the goods they require.

Goods are less likely to be damaged.

Perishable goods may be stored for long periods.

Prices of goods are clearly marked.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

The diagram shows a customer buying goods from a retailer.

loyalty schemes

mobile retailing

omnichannel retailing

showrooming

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which method of credit is most likely to be used to buy a new luxury car?

credit card

extended credit

hire purchase

informal credit

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