Year 10 Commerce Yearly Exam Revision
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Commerce refers to the exchange of something of value, between entities. It includes legal, economic, political, social, cultural and technological systems that operate in any country. The yearly exam is almost here and you are having exam jitters, Take the revision quiz below to see just how ready you are for it. Best of luck!
- 1.Inflation is
- A.
When interest rates go down
- B.
A rise in the overall price of goods and services
- C.
A rise in unemployment
- D.
The name of a bank loan
- 2.
- A.
When consumer confidence is low as a result of lack of employment and high interest rates
- B.
When consumer confidence is high as a result of lack of employment and high interest rates
- C.
When consumer confidence is high as a result of lack of employment and low interest rates
- D.
When consumer confidence is low as a result of lack of employment and low interest rates
- 3.Which of the following is an advantage of being self employed?
- A.
Can work own hours
- B.
Has decision making ability
- C.
Determines the types of work that they can complete
- D.
All of the Above
- 4.Which of the following is a disadvantage of being self employed?
- A.
Very little time to relax
- B.
There is a lot of paperwork
- C.
There may be periods where there is no work and income is limited
- D.
All of the Above
- 5.A successful business owner should have which characteristics
- A.
Driven
- B.
Skills to do the task
- C.
Communication skills
- D.
All of the above
- 6.CPI measures
- A.
Exchange rates
- B.
Inflation
- C.
Economic growth
- D.
Unemployment
- 7.Which of the following statements about trends in the labour force is true?
- A.
A high proportion of casual employees are in the 30-35 age group
- B.
Part-time employment is slowly decreasing
- C.
The number of women in the workforce has increased
- D.
The Australian workforce is getting younger
- 8.
- A.
The peak trade union body is the ACTU
- B.
By joining together in a trade union, workers decrease their bargaining power
- C.
Trade unions seek to improve working conditions and wages of their membersTrade unions seek to improve working conditions and wages of their members
- D.
Some of the largest unions include the Australian Services Union, the Australian Workers Union and the Transport Workers Union
- 9.When an employer treats an employee differently because of race, sex or religion it is known as:
- A.
Affirmative action
- B.
Conciliation
- C.
EEO
- D.
Discrimination
- 10.
- A.
Tort
- B.
Precedent
- C.
Statute
- D.
Common law
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