Commerce Quiz

Which of the following is NOT a characteristic of money?

• Durability

• Portability

• Unlimited supply

• Divisibility

A wholesaler that specializes in storing goods and distributing them to retailers is known as a:

• Retailer

• Manufacturer

• Merchant wholesaler

• Agent wholesaler

Which of the following best describes the term "consumer sovereignty"?

• The influence of government on consumer choices

• The ability of producers to control market prices

• The power of consumers to determine what is produced

• The regulation of trade by commercial banks

A business that is owned and controlled by a single individual is called a:

• Partnership

• Corporation

• Sole proprietorship

• Joint-stock company

Which of the following factors is NOT considered when choosing a business location?

• Availability of raw materials

• Personal preferences of employees

• Proximity to the market

• Transportation facilities

The term "fixed capital" refers to:

• Money used for daily business expenses

• Capital invested in land, buildings, and machinery

• Funds used for paying workers' salaries

• Loans obtained from financial institutions

The transfer of ownership of goods and services from producers to consumers is known as:

• Trade

• Insurance

• Warehousing

• Transportation

Which of the following is NOT a function of commercial banks?

• Accepting deposits

• Issuing currency

• Granting loans

• Providing financial advice

Which document serves as proof of ownership of shares in a company?

• Shareholder's card

• Share certificate

• Invoice

• Payment receipt

The term "franchise" refers to:

• A business agreement where a company allows others to use its brand and sell its products

• A business owned by two or more partners

• A company that only sells imported goods

• A form of government regulation on trade