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Year 9 Commerce Revision Flashcards | StudBud
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Year 9 Commerce Revision
Year 9 Commerce Revision
27 terms
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StudBud Administration
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319 plays
Travel, Consumer choice, Personal finance, promoting and selling
Flashcards
27 cards
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Practice quiz
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Questions
27
Answers
1
What is a budget?
How much money will be spent on your dog
A car savings plan
An estimate of how you will spend and need to save
A plan of all your holiday expenses
2
Domestic tourism is travelling:
To overseas Islands
Outside their own country
On overseas cruises
Within their own country
3
Which of the following are not product promotion strategies?
Personal selling
Publicity
Relationship marketing
Handing out flyers
4
Which government body overseas the regulation of the finance and banking industry?
ASIC
FSRA
FOFA
ACCC
5
What should be researched before a traveller enters a country?
Language
Animals in that country
Laws and restrictions
Traditions
6
What does the term 'Caveat Emptor' mean?
Let the seller beware
No refund, only exchanges
Let the buyer beware
Choose carefully
7
Why might air travels incur frequent delays?
Late passengers
Increasing trafic congestion
Luggage check
Anti-terrorist security
8
Why are foreign exchange rates important to consider when travelling?
Rates in other countries may not be in favour of AUS dollar
To make changes to itinerary
To ensure you have enough money to fund your trip
To ensure safety while travelling
9
A Guarantor is someone who:
guarantees to pay back a small percentage of a loan
Guaranteed to look for better prices for deals
Guarantees to pay back money if the borrower can't
guarantees to disown the borrower if payments aren't due
10
Which of the following are features of a contract?
offer, deliberation, acceptance
offer, consideration, finalisation
deliberation, acceptance, consideration
offer, acceptance, consideration
11
What should you do if you lose your passport overseas?
Track the thief down
Tell your hotel about it
Report it to the nearest embassy
Not worry about it
12
Which is not a means of travel?
Cruise
Train
road
Camel
13
If you a having trouble paying your loans, what is the
first
option you should do
Sell goods and repay your loan
Flee the country
Refinance your loan
Apply for bankruptcy
14
What should be included in your itinerary?
All of the above
Places you are staying
Tours/day trips
Flight details
15
When a lender takes money out of you income to pay for bad debts, it is known as
Furnished
Reclaiming
Skimmed
Garnisheed
16
Investing is:
The same as budgeting
Buying something special such as a car or a holiday
The part of an income that is not spent
Using your savings to plan for the future
17
What is the purpose of insurance?
To cover losses
To spend money
To spread risk
To protect income
18
Which is an example of a personal factor that might affect the choice of travel destination?
Health
Interest
Age
Weather
19
What should people consider when choosing a travel destination?
soft drink choice
finances
weather
government advice
20
Which of these is not a common method of payment?
Credit
Mail
Electronic Funds Transfer at Point of Sale (EFTPOS)
Cash
21
The purpose of the Vienna convention is to:
Assist travellers who have lost their passports overseas
Provides compensation for lost goods while travelling
Set standards for those arrested outside their own country
Supports families under financial issues while overseas
22
Which of these is NOT a consequence of poor financial management?
Reposession
Stress
Bankruptcy
Able to purchase more goods
23
Which of these is not a factor of product differentiation?
convenience
environmental issues
Sales promotion
product positioning
24
What is a Visa?
The translating machine
Your credit card
A stamp on your passport letting you into a country
Another name for 'passport'
25
What is a target market?
The businesses target budget
The group of people your product is aimed at
Business competitors
Company value you're aiming for
26
What is NOT a disadvantage of borrowing money?
The cost of interest
It is easy to fall into debt
you are able to purchase expensive goods quicker.
You have a false perception of how wealthy you are
27
The cost of insurance is known as
An excess
A premium
A fee
A benefit
