DECA Marketing Cluster Practice Exam

What information typically included in an invoice?

1. Ad copy for promotions

2. Shipping analytics

3. Details about the transaction between buyer and seller

4. Employee commission structures

The correct answer is: Details about the transaction between buyer and seller

An invoice serves as a formal document between a buyer and a seller that outlines the details of a transaction. The information typically included in an invoice encompasses the transaction details, such as the names and addresses of the parties involved, a description of the goods or services provided, the quantity and price of those items, the total amount due, payment terms, and any relevant dates, such as the invoice date and due date. This comprehensive information allows both parties to clearly understand the transaction, facilitating accurate record-keeping and payment processes. The other options do not pertain to the core purpose of an invoice. Ad copy for promotions focuses on marketing materials, shipping analytics pertains to data analysis regarding shipping processes, and employee commission structures relate to internal compensation plans, none of which are relevant to the invoicing process itself.