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HELE 5 : Q1 Summative Assessment

Total questions: 25

Worksheet time: 13mins

Name
Class
Date
1.

A person who takes financial risks hoping to get profit out of his business.

a)

consumer

b)

entrepreneur

c)

merchant

d)

retailer

2.

It is a type of business by ownership which operated by one person.

a)

partnership

b)

small-business

c)

sole-proprietorship

d)

corporation

3.

Retailing helps the government to _______economically.

a)

social

b)

plan

c)

avail

d)

grow

4.

It is a complete list of goods or items in stock.

a)

income

b)

bulk

c)

inventory

d)

dozen

5.

Which of the following does not belong to the importance of retailing?

a)

Does not provide livelihood to the people.

b)

Provides services to the people with their immediate needs.

c)

It adds income to the family.

d)

Helps the distribution of goods to other places.

6.

It is a type of retail store that sell different products which the customers instantly availed by inserting coins or bills in the machine.

a)

grocery store

b)

department store

c)

vending machine

d)

supermarket

7.

It is a single line store and has a specialized product offer to the customer.

a)

specialty store

b)

online shopping

c)

sari-sari store

d)

supermarket

8.

It is a type of retail ownership which is buying the right to use a name, product, concept and business plan.

a)

franchising

b)

networking marketing

c)

dealership

d)

independent retailer

9.

Mrs. San Juan is selling her product through internet. Which type of ownership does she uses?

a)

franchising

b)

networking

c)

dealership

d)

independent retailer

10.

Shammah is doing her shopping online to avoid traffic and crowded mall. She is using her credit card in paying the merchandise. What method of selling does Shammah is using?

a)

lay away sale

b)

online shopping

c)

installment

d)

cash sale

11.

It refers to the money needed to start up a retail store.

a)

location

b)

capital

c)

permit

d)

manpower

12.

It is the component of price which refers to the amount added to the item cost.

a)

cost

b)

profit

c)

mark-up

d)

facility

13.

Lorna and friends wanted to eat pizza. They call the pizza, hotline, a minute later, their order arrive and then pay the pizza upon delivery. What method of selling did they use in ordering the pizza?

a)

Part cash, part charge sale

b)

charge takes sale

c)

cash on delivery

d)

cash sale

14.

Aling Slyvia owns a grocery store in her barangay. She wanted to earn more profit. She decided to promote her store through giving flyer and discount to her customers. What kind of characteristics does Aling Slyvia shows?

a)

patience

b)

hardworking

c)

versatlie

d)

creative

15.

Mang Juan owns a barbershop near his house, he opens early in the morning and late in the afternoon. Every day he patiently waits for his customers all day long but it never comes to his mind to give up. What kind of characteristics of a good entrepreneur does Mang Juan shows?

a)

patience

b)

hardworking

c)

versatile

d)

creative

16.

It is a type of business by size which needs hundred or more than employees to operate the business

a)

large scale business

b)

medium business

c)

micro business

d)

small business

17.

To start up a retail store. You need to consider the following except.

a)

Capital

b)

Site/Location

c)

Permit/License

d)

consumer

18.

refers to the amount paid by the retailer for the merchandise.

a)

Mark-up

b)

Cost

c)

Profit

19.

He/She thinks positively. He/she think that everything will turn good.

a)

Positive Thinker

b)

Creative

c)

Self motivated

d)

Persistent

20.

He is able to do many things, he has the ability to adjust.

a)

Self-control

b)

Versatile

c)

Plans ahead

21.

It is the ability of an entrepreneur to assess situation and make good decisions

a)

Human relationship skills

b)

Problem solver and decision maker

c)

Math skill

d)

Communication Skill

22.

A characteristic of an entrepreneur who does what he is supposed to do and is held accountable.

a)

Responsible

b)

Creative

c)

Self motivated

d)

Persistent

23.

When you focus on developing a plan and achieving your goals, it means you are

a)

Persistent

b)

Inquisitive

c)

Goal oriented

d)

Risk taker

24.

Believing in yourself and your abilities means you are

a)

self confident

b)

Creative

c)

Self motivated

d)

Persistent

25.

An individual who undertakes the risk associated with creating, organizing, and owning a business

a)

A doctor

b)

An entrepreneur

c)

A lawyer

d)

Technician