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WorksheetsHELE 5 : Q1 Summative Assessment
Total questions: 25
Worksheet time: 13mins
A person who takes financial risks hoping to get profit out of his business.
consumer
entrepreneur
merchant
retailer
It is a type of business by ownership which operated by one person.
partnership
small-business
sole-proprietorship
corporation
Retailing helps the government to _______economically.
social
plan
avail
grow
It is a complete list of goods or items in stock.
income
bulk
inventory
dozen
Which of the following does not belong to the importance of retailing?
Does not provide livelihood to the people.
Provides services to the people with their immediate needs.
It adds income to the family.
Helps the distribution of goods to other places.
It is a type of retail store that sell different products which the customers instantly availed by inserting coins or bills in the machine.
grocery store
department store
vending machine
supermarket
It is a single line store and has a specialized product offer to the customer.
specialty store
online shopping
sari-sari store
supermarket
It is a type of retail ownership which is buying the right to use a name, product, concept and business plan.
franchising
networking marketing
dealership
independent retailer
Mrs. San Juan is selling her product through internet. Which type of ownership does she uses?
franchising
networking
dealership
independent retailer
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?
lay away sale
online shopping
installment
cash sale
It refers to the money needed to start up a retail store.
location
capital
permit
manpower
It is the component of price which refers to the amount added to the item cost.
cost
profit
mark-up
facility
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?
Part cash, part charge sale
charge takes sale
cash on delivery
cash sale
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?
patience
hardworking
versatlie
creative
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?
patience
hardworking
versatile
creative
It is a type of business by size which needs hundred or more than employees to operate the business
large scale business
medium business
micro business
small business
To start up a retail store. You need to consider the following except.
Capital
Site/Location
Permit/License
consumer
refers to the amount paid by the retailer for the merchandise.
Mark-up
Cost
Profit
He/She thinks positively. He/she think that everything will turn good.
Positive Thinker
Creative
Self motivated
Persistent
He is able to do many things, he has the ability to adjust.
Self-control
Versatile
Plans ahead
It is the ability of an entrepreneur to assess situation and make good decisions
Human relationship skills
Problem solver and decision maker
Math skill
Communication Skill
A characteristic of an entrepreneur who does what he is supposed to do and is held accountable.
Responsible
Creative
Self motivated
Persistent
When you focus on developing a plan and achieving your goals, it means you are
Persistent
Inquisitive
Goal oriented
Risk taker
Believing in yourself and your abilities means you are
self confident
Creative
Self motivated
Persistent
An individual who undertakes the risk associated with creating, organizing, and owning a business
A doctor
An entrepreneur
A lawyer
Technician
