BUSINESS Assignment 1 ALL REVISION QUESTIONS
AND CORRECT ANSWERS (GRADED 100%) (2024
UPDATE)
A diamond grading system provides
A. exact diamond market value to a buyer.
B. a consistent way to communicate diamond quality.
C. assurance to customers that they're getting the best prices.
D. diamond descriptions that can change from country to country - ANSWER B
A wholesaler is someone who
A. sells to retailers.
B. repairs diamond jewelry.
C. grows synthetic diamonds.
D. sells directly to consumers. - ANSWER A
Diamond prices on wholesale price lists
A. are not negotiable.
B. reflect a worldwide consensus.
C. are available free on the Internet.
, D. depend on the market conditions that exist when the lists are published. - ANSWER D
Large, high-quality diamonds are
A. sorted rather than graded.
B. usually graded in their mountings.
C. graded with a quick look under a loupe.
D. graded much more thoroughly than small, low-quality ones - ANSWER D
Diamond's supreme hardness and durability are
A. due to diamond's rarity.
B. a result of the conditions under which it formed.
C. surpassed by laboratory-grown diamond substitutes.
D. a result of millions of years of battering by the forces of nature. - ANSWER B
Once diamond deposits are located, mining companies
A. begin extracting the diamonds.
B. recover the cost of exploration within the first year.
C. are exempt from taxes and environmental regulations.
D. must spend additional time and money to evaluate and develop them. - ANSWER D
An estimation of the value of an article is a(n)
A. grade.
AND CORRECT ANSWERS (GRADED 100%) (2024
UPDATE)
A diamond grading system provides
A. exact diamond market value to a buyer.
B. a consistent way to communicate diamond quality.
C. assurance to customers that they're getting the best prices.
D. diamond descriptions that can change from country to country - ANSWER B
A wholesaler is someone who
A. sells to retailers.
B. repairs diamond jewelry.
C. grows synthetic diamonds.
D. sells directly to consumers. - ANSWER A
Diamond prices on wholesale price lists
A. are not negotiable.
B. reflect a worldwide consensus.
C. are available free on the Internet.
, D. depend on the market conditions that exist when the lists are published. - ANSWER D
Large, high-quality diamonds are
A. sorted rather than graded.
B. usually graded in their mountings.
C. graded with a quick look under a loupe.
D. graded much more thoroughly than small, low-quality ones - ANSWER D
Diamond's supreme hardness and durability are
A. due to diamond's rarity.
B. a result of the conditions under which it formed.
C. surpassed by laboratory-grown diamond substitutes.
D. a result of millions of years of battering by the forces of nature. - ANSWER B
Once diamond deposits are located, mining companies
A. begin extracting the diamonds.
B. recover the cost of exploration within the first year.
C. are exempt from taxes and environmental regulations.
D. must spend additional time and money to evaluate and develop them. - ANSWER D
An estimation of the value of an article is a(n)
A. grade.
