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Commerce revision

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Commerce Quiz

Question 1 of 8

1

What is the most practical and efficient mode of transport to get overseas?

Select one of the following:

  • Train

  • Bus

  • Plane

  • Boat

Explanation

Question 2 of 8

1

What is an itinerary?

Select one of the following:

  • To keep track of the money you spend

  • A holiday plan with specific times and locations of places you wish to visit

  • A list of all the items you bring

Explanation

Question 3 of 8

1

All holidays need to be made through a travel agent.

Select one of the following:

  • True
  • False

Explanation

Question 4 of 8

1

What are some peoples reasons for travel?

Select one of the following:

  • Personal

  • Family catch ups

  • Business trips

  • All of the above

Explanation

Question 5 of 8

1

What is an exchange rate?

Select one of the following:

  • The worth of your money in another country

  • How much you spend on your holiday

  • A document like a visa

Explanation

Question 6 of 8

1

What is meant by the term 'income'?

Select one of the following:

  • An income is money received on a regular basis from work or personal business

  • The money you own

  • The fare you pay when you enter the bus

Explanation

Question 7 of 8

1

What is a fixed expense?

Select one of the following:

  • Money that you spend on things like rent, mortgage and insurance that you pay regularly.

  • Money that you spend

Explanation

Question 8 of 8

1

What is a variable expense?

Select one of the following:

  • Money that you spend on things like phones, computers and shoes.

  • Money that you spend on anything you want.

  • All of the above.

Explanation

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