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hele 6 Q1 Unit 1

Total questions: 15

Worksheet time: 3mins

Name
Class
Date
1.

It is a thing to produce or the goods or services produce for sale.

a)

profit

b)

sale

c)

product

2.

It is the gain resulting from sales.

a)

price

b)

profit

c)

product

3.

It is the price at which something is offered for sale.

a)

selling price

b)

profit

c)

mark-up

4.

It is the percentage or amount added to the cost of a product to determine the selling price.

a)

product

b)

price

c)

mark-up

5.

It is the price set for each item or product.

a)

unit price

b)

unit

c)

selling price

6.

It is the price paid to acquire the goods or services.

a)

price

b)

cost

c)

profit

7.

Attend seminars to improve your business.

a)

true

b)

false

8.

Sell products on a cash basis so that you maintain your stock.

a)

false

b)

true

9.

Do not sell the most in demand products.

a)

false

b)

true

10.

Sari-sari store is a buy and sell business.

a)

true

b)

false

11.

Talk to suppliers who will give quality but cheaper prices.

a)

True

b)

False

12.

Registration of business is a must for legal purposes.

a)

True

b)

False

13.

Make a ledger or record of the capital, expenses and profit, include the name of products, unit cost, selling price and profit.

a)

False

b)

True

14.

You can get supplies of goods from neighboring sari-sari stores.

a)

false

b)

true

15.

Public market wholesaler are the cheapest.

a)

True

b)

False