COMMERCE 4PA3 TEST EXAM 2026
FINAL PAPER PRACTICE
QUESTIONS ANSWERS ACCURATE
A+
◉ Wants.
Answer: Desires that can be satisfied by consuming a good or service
◉ Scarcity.
Answer: Limited quantities of resources to meet unlimited wants
◉ What is Commerce?.
Answer: The way in which society functions, how people make and
spend money and how goods and services are produced.
◉ Credit.
Answer: An arrangement to receive cash, goods, or services now and
pay for them in the future.
◉ Cash.
Answer: Money in the form of bills or coins
◉ Debit cards.
, Answer: Plastic cards used to pay for purchases with funds you have in a
bank account.
◉ direct debit.
Answer: A withdrawal of cash directly from a bank account
◉ Eftpos.
Answer: electronic funds transfer at point of sale
◉ After pay.
Answer: Digital service where you buy now and pay later in 4
instalments made fortnightly.
◉ False and misleading advertising.
Answer: untrue claims of quality or effectiveness about goods or
services offered for sale
◉ Referral Selling.
Answer: an attempt - often illegal - by salespeople to get consumers to
buy a product by offering an incentive (usually a refund) for every
person the consumer recommends to them
◉ Unordered or unsolicited goods.
Answer: sending unordered goods and demanding payment for them
FINAL PAPER PRACTICE
QUESTIONS ANSWERS ACCURATE
A+
◉ Wants.
Answer: Desires that can be satisfied by consuming a good or service
◉ Scarcity.
Answer: Limited quantities of resources to meet unlimited wants
◉ What is Commerce?.
Answer: The way in which society functions, how people make and
spend money and how goods and services are produced.
◉ Credit.
Answer: An arrangement to receive cash, goods, or services now and
pay for them in the future.
◉ Cash.
Answer: Money in the form of bills or coins
◉ Debit cards.
, Answer: Plastic cards used to pay for purchases with funds you have in a
bank account.
◉ direct debit.
Answer: A withdrawal of cash directly from a bank account
◉ Eftpos.
Answer: electronic funds transfer at point of sale
◉ After pay.
Answer: Digital service where you buy now and pay later in 4
instalments made fortnightly.
◉ False and misleading advertising.
Answer: untrue claims of quality or effectiveness about goods or
services offered for sale
◉ Referral Selling.
Answer: an attempt - often illegal - by salespeople to get consumers to
buy a product by offering an incentive (usually a refund) for every
person the consumer recommends to them
◉ Unordered or unsolicited goods.
Answer: sending unordered goods and demanding payment for them
