EPP 5 UNIT TEST

1. Is a business and livelihood. It includes selling products and services, producing new products and most important is gaining products.

• a. Entrepreneurship

• b. Entrepreneur

• c. Enterprise

2. Is a person who takes financial risks in the hope of getting profit out of his business.

• a. merchant

• b. retailer

• c.Entrepreneur

3. Is someone who buys and sells good especially in large amounts.

• a. retailer

• b. merchant

• c. consumers

4. They are the users of good sold by the retailer.

• a. Merchant

• b. retailer

• c. consumers

5. If you are an Entrepreneur and you have a conflict or crisis with your customer what will you do?

• a. react violently

• b. self-control

• c. argue

6. According to your answer in number 5, tell the reason why you select

that answer.

• a. I will lost a costumer

• b. the customer will be a friend

• c. non of the two

7. If you are an Entrepreneur you want your business to have a better future. What character you must possess?

• a. creative

• b. vision/plan ahead

• c. versatile

8. Peters’ business was a successful one but the pandemic arises in our time and many company, businesses were closed and bankrupt. Despite of these crises Peter pursued his business and it was able to recover. What character does Peter have?

• a. perseverance

• b. patient

• c. versatile

9. It is a method of selling that customer pays cash for the goods or merchandise

• a. cash sale

• b. cash send

• c. (C.O.D.)

10. The customer orders the merchandise and pays a certain part of the amount of the merchandise.

• a. ( C.O.D.)

• b. installment

• c. cash sale