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Worksheets

HELE Review

Total questions: 60

Worksheet time: 30mins

Name
Class
Date
1.

1. This is the amount of money you will need to start your business.

a)

Types of merchandise

b)

Capital

c)

Store layout

d)

Location of the store

2.

1. This refers to the inside arrangement and outside appearance of the store.

a)

Types of merchandise

b)

Capital

c)

Store layout

d)

Location of the store

3.

1. It is a place where a lot of prospective costumers pass by.

a)

Types of merchandise

b)

Capital

c)

Store layout

d)

Location of the store

4.

1. This refers to the different things you will put in your store for sale.

a)

Types of merchandise

b)

Capital

c)

Store Layout

d)

Location of the store

5.

1. How many percent of the amount of the product is imposed as mark-up?

a)

10%

b)

15%

c)

20%

d)

25%

6.

1. This is a part of price that covers the merchandise.

a)

Cost

b)

Profit

c)

Mark-up

d)

Expenses

7.

1. This refers to the price added to the cost of the item.

a)

Cost

b)

Profit

c)

Mark-up

d)

Capital

8.

1. The following are some pointers to follow when buying goods for sari-sari store EXCEPT.

a)

Buy in bulk or in big quantity

b)

Buy merchandise with care

c)

Buy goods which are fast selling

d)

Buy from the retailer

9.

1. Which of the following we should consider in arranging the merchandise in the sari-sari store?

a)

Related merchandise should be place together.

b)

Goods must be placed properly.

c)

Fill all shelves with merchandise.

d)

All of the above.

10.

1. The following are the things to consider in pricing the merchandise EXCEPT.

a)

Value of the article or goods

b)

Attitude of the seller towards the price

c)

Desirability of the merchandise

d)

Season of the year

11.

Which of these are INTERPERSONAL SKILLS?

a)

Willing to work with others

b)

Only working solo

c)

Uncaring

d)

Not willing to negotiate

12.
An entrepreneur is someone 
a)
Someone who works for a new business
b)
Someone who starts a new business
c)
Someone who takes over an existing business
d)
Someone who does not want to work
13.
An entrepreneur must know...
a)
Only the parts of the business they like
b)
No parts of the business management
c)
all parts of business:  finance, marketing, etc.
14.
Name one of the reasons people become entrepreneurs.
a)
Feeling insecure
b)
They like to be the ONLY one doing everything
c)
They are doing what they enjoy
15.
An entrepreneur must be...
a)
disorganized
b)
organized
c)
lazy
16.
An entrepreneur can own an online business...
a)
False - entrepreneurs can only create business in person
b)
True - there are companies online as well as in person
17.
Entrepreneurs are constantly looking for new ways to solve problems.
a)
Persistent
b)
Creative
c)
Self Confident
d)
Independent
18.
An entrepreneur is accountable for his/her actions and does what is required. 
a)
Creative
b)
Independent
c)
Responsible
d)
Self Confident
19.
Entrepreneurs work until the job is done.
a)
Persistent
b)
Inquisitive
c)
Self Confident
d)
Creative
20.
Entrepreneurs look for challenging opportunities and are not afraid of the possibility of failure.
a)
Risk Taker
b)
Goal Oriented
c)
Creative
d)
Responsible
21.
Entrepreneurs must get along with others and enjoy meeting and talking to people. 
a)
Communication Skills
b)
Math Skills
c)
Basic Business Skills
d)
Human Relation Skills
22.
Computer skills necessary for business functions
a)
Creativity
b)
Math Skills
c)
Technical Skills
d)
Human Relations Skills
23.

It is the ability to set realistic targets.

a)

Hardworking

b)

Self-confidence

c)

Profit-oriented

d)

Goal-oriented

24.

It is pre-determined course of action to accomplish the set objectives; it is projecting things today and the future activity of the future. An entrepreneur has to make decisions as to what, how, when, where and whom it is to be done.

a)

Planning

b)

Organizing

c)

Management

d)

Innovation

25.

It is where the entrepreneur discovers, change, update or invent new product for their business. It is being with the trend in our world to improve his/her competitive position and increase earnings.

a)

Planning

b)

Organizing

c)

Management

d)

Innovation

26.

There are two parties involved in a marketing transaction such as selling and buying.

a)

TRUE

b)

FALSE

27.

Sellers and buyers should have a sound buying to get the best buy for their money.

a)

TRUE

b)

FALSE

28.

As a buyer, she/he must learn the art of selling.

a)

TRUE

b)

FALSE

29.

As a seller, she/he must possesses the good character such as being cheerful, honest, and prompt in attending to his/her customers.

a)

TRUE

b)

FALSE

30.

Buyers are also called consumers because they consume or use what they buy and end users.

a)

TRUE

b)

FALSE

31.

The amount of money added to the cost of goods you sell is the income you earn from that good.

a)

TRUE

b)

FALSE

32.

Buyer chose the right quality of goods that would best satisfy his/her needs and wants.

a)

TRUE

b)

FALSE

33.

The seller must have a good and sound buying program so he can get most profit and give the best buy for their money.

a)

TRUE

b)

FALSE

34.

Manufacturers are those who convert raw materials into finished products.

a)

TRUE

b)

FALSE

35.

The buyer is you and me, our families and the community.

a)

TRUE

b)

FALSE

36.

A person who starts a business and is willing to risk loss in order to make money

a)

buyer

b)

seller

c)

entrepreneur

d)

manager

37.

It is the person who buys goods or services from the seller

a)

entrepreneur

b)

manager

c)

buyer

d)

seller

38.

This person owns or manages the store or business establishment and offers goods, products, or services to those who need it.

a)

lawyer

b)

teacher

c)

buyer

d)

seller

39.

It is manufactured following a process or grown and nurtured in order to be sold for a profit.

a)

demand

b)

product

c)

service

d)

profit

40.

It is a facility supplying a public or market demand.

a)

establishment

b)

school

c)

factory

d)

canteen

41.

Something you buy based on your needs and wants is called ________________.

a)

education

b)

goods

c)

bills

d)

service

42.

A consumer’s desire to purchase goods and services and willingness to pay a price for a specific good or service.

a)

profit

b)

product

c)

demand

d)

business

43.
____________is the process of making goods in a workshop or factory.
a)
Creating
b)
Manufacturing
c)
Building
44.
žGoods may be classified as _____ or non-durable.
a)
durable
b)
workable
c)
valuable
45.
žThe mass production and the factory systems ________ the prices of goods for consumers. 
a)
remove
b)
elevate
c)
lower
46.

______ is the cost required for something.

a)

product

b)

expenses

c)

profit

d)

assets

47.

What is the main ingredient in making pastillas?

a)

sugar

b)

plastic wrapper

c)

condensed and powdered milk

d)

margarine

48.

Which is a product made from recycled materials?

a)
b)
c)
d)
49.

I'm a sweet Filipino dessert made of milk, sugar and eggs. What product am I?

a)

Leche Flan

b)

Biko

c)

Maja

d)

Polvoron

50.

It is also known as Project Title which describes the whole project in one sentence.

a)

Materials

b)

Sketch or drawing

c)

Name of the Project

d)

Procedure

51.

Creating goods by using human effort is known as

a)

manufacturing

b)

production

c)

processing materials

52.

Lemori wanted to put up a business in their small community. Which is the BEST way to start her plan?

a)

Make a teaser or an advertisement.

b)

Identify neighbors that are rich and luxurious.

c)

Conduct a survey to identify potential customers.

d)

Put up a business that can compete to his neighbor’s business.

53.

Jannine wants to make a simple product. What is her first step or guide in making simple product?

a)

Advertise your product

b)

Create the product

c)

Decide what materials to use.

d)

Design your product

54.

After deciding what materials to use to produce a simple product, what are you going to do NEXT?

a)

Advertise your product

b)

Create the product.

c)

Decide what materials to use.

d)

Design your product.

55.

Keeping safe while working is very important, which of the following should NOT be practiced?

a)

Have the right tools and materials needed before starting to work.

b)

. Keep utensils dirty to prevent food contamination

c)

Take the proper precautions when using tools, and never take shortcuts.

d)

Wear an apron and wash your hands before starting to work. Always maintain good hygiene.

56.

This refers to the part of the price that covers the product. It is the amount paid for the merchandise

a)

Capital or Cost of product

b)

Gross Sales

c)

Labor cost

d)

Net Profit

57.

Angel collected plastic bottles for his TLE project. What simple product will she make out of recyclable materials she collected?

a)

Bag

b)

Book Organizer

c)

Door mat

d)

Pencil Holder

58.
What is this?"
a)
producer
b)
consumer
c)
goods
d)
service
59.

A person who buys and uses goods and services is a ………...

a)

goods

b)

services

c)

producer

d)

consumer

60.

Work done by others is ………………….

a)

goods

b)

service

c)

producer

d)

consumer