Internal Trade Test

Result

Internal Trade Test - 10

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Weekly Quiz Competition

Question 1
1 / -0

The word "retailer" is originated from ______.

A
german

B
french

C
greek

D
italy

Solution

The word "retailer" is originated from the french word 'Tailer' which meant to cut off or divided that gave the concept of selling in small units.
Hence, option (B) is the correct answer.
Question 2
1 / -0

If the realized collection period is more than the terms of trade it can be said that __________________.

A
The collection job is over

B
The quality of debtors is poor

C
The average daily sales are low

D
All of the above

E
Both (A) and (B) above

Solution

If the realized collection period is more than the terms of trade, then it indicates that is taking more time to convert its receivables into cash. This could be due to poor collection efforts of the firm or poor quality of the debtors.
Hence, option (E) is the correct answer.
Question 3
1 / -0

Debit note is sent __________.

A
when seller in having debt

B
when buyer is having debt

C
when company is having some financial problems

D
none of the above
Question 4
1 / -0

In Delivery Challans _____ is mentioned.

A
quality of product

B
quantity of product

C
maintenance date of product

D
manufacturing date of product
Question 5
1 / -0

By the term SCM, we mean _________.

A
supply chain management

B
supply chain monitoring

C
supply chain movement

D
none of the above
Question 6
1 / -0

In the case of corporate trade payments, the link between the banks of the buyer and the seller is the _________.

A
EFT

B
Lock boxes

C
Automated clearing houses

D
Wire transfers

E
Both (A) and (D) above

Solution

In the case of corporate trade payments, the payment information from the payer is electronically transferred to an Automated Clearing House (ACH) which is a link between the banks of the buyer and the seller.
Hence, option (C) is the correct answer.
Question 7
1 / -0

When the data is shared with the companies clients in SCM than it is called _______.

A
upstream

B
downstream

C
both a and b

D
none of the above
Question 8
1 / -0

One Entrepreneur who is into the hosiery business found out the reason his hosiery was not selling as its color. What could be the best source of this information?

A
Supplier

B
Retailer

C
Competition

D
Government bureau
Question 9
1 / -0

It is UNCOMMON that a first credit inquiry be ___________.

A
Accepted

B
Counter offer be given

C
Both a & b

D
All of the above
Question 10
1 / -0

These are demanded when buyer returns goods already paid for on grounds of, say, unacceptable quality ____________.

A
Debit Notes

B
Credit Notes

C
Sales Letters

D
Statement of Accounts

User

Question Analysis

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Re-Attempt Weekly Quiz Competition

Internal Trade Test - 10

Result

Internal Trade Test - 10

Score

-

Rank

-

SHARING IS CARING

Question 1

german

french

greek

italy

Solution

Question 2

The collection job is over

The quality of debtors is poor

The average daily sales are low

All of the above

Both (A) and (B) above

Solution

Question 3

when seller in having debt

when buyer is having debt

when company is having some financial problems

none of the above

Question 4

quality of product

quantity of product

maintenance date of product

manufacturing date of product

Question 5

supply chain management

supply chain monitoring

supply chain movement

none of the above

Question 6

EFT

Lock boxes

Automated clearing houses

Wire transfers

Both (A) and (D) above

Solution

Question 7

upstream

downstream

both a and b

none of the above

Question 8

Supplier

Retailer

Competition

Government bureau

Question 9

Accepted

Counter offer be given

Both a & b

All of the above

Question 10

Debit Notes

Credit Notes

Sales Letters

Statement of Accounts

User

Question Analysis

My Perfomance

Score

-

Rank

-

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