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1ST MIDTERM EXAM (HELE 6)

Total questions: 40

Worksheet time: 40mins

Name
Class
Date
1.

Katrina is the owner of KB’s Grocery, she offers goods and services. Therefore she is_____.

a)

buyer

b)

seller

c)

creditor

d)

none of the above

2.

Barney bought egg, rice and can goods to KB’s Grocery. Barney is called__________.

a)

buyer

b)

seller

c)

debtor

d)

creditor

3.

The buyer is also called____________.

a)

producer

b)

consumer

c)

manufacturer

d)

none of the above

4.

The seller must possess the following quality except;

a)

Must have pleasing personality

b)

He/She must think on how to gain more profit than services

c)

He/she must have an adequate knowledge of what he/she is selling, can compute the cost of his product, determine its selling price and profit.

d)

As a person he/she must be in good health, possess character such as being cheerful, honest and prompt in attending his costumers.

5.

The following are the steps in making our product, which is not?

a)

Advertise your product.

b)

Design your product

c)

Copy the product of others.

d)

Decide what materials to use.

6.

A seller is also a buyer and a buyer is also a seller.

a)
b)
7.

A plan of action to buy quality goods for a reasonable price.

a)

Sell

b)

Seller

c)

Buying

d)

Goods

8.

Money earned from a sale.

a)

Goods

b)

Profit

c)

Seller

d)

Buying

9.

Also known as vendor.

a)

Buyer

b)

Right quality

c)

Wholesaler

d)

None of the above

10.

It is the object or item a consumer wants to buy to satisfy needs or wants.

a)

Service

b)

Products

c)

Entrepreneur

d)

Business

11.

Which of the following is a strategy during brainstorming of ideas in producing a product.

a)

Posting on social media.

b)

Testing the product

c)

Drawing a design of the product

d)

Listing of feedback and suggestions

12.

A seller exchanges a product for money?

a)
b)
13.

Identify the things to know about the buyers described below:


If the seller knows why his/her buyer buys a good/product or service, it becomes easier to him/her to match the buyer’s need with a benefit the store could offer.

a)

When the buyer usually buys

b)

Buyer's occupation and interest

c)

The reason why the buyer buys the product

14.

Identify the things to know about the buyers described below:


The buyer appreciates the seller when they are treated courteously and cheerfully. The seller may also ask the feedback about how the buyer feels when buying from them.

a)

The buyer's budget

b)

The buyer's feedback

c)

The buyer's expectation from the seller

15.

A seller must be truthful about his/her immediate sale to be able to increase his/her sales.

a)

Courtesy

b)

Honesty

c)

Loyalty

d)

Interest in others

16.

To show to the buyers, the seller should:

1. listen to the buyer attentively.

2. not to show his/her buyer that he/she is getting bored in entertaining them.

3. not only be courteous to the buyers but also to his/her fellow sellers.

a)

Loyalty

b)

Enthusiasm

c)

Courtesy

d)

Honesty

17.

Which among the following describes the right of sellers?

a)

Right to offer goods and services.

b)

Right to get back the goods not paid for on time.

c)

Right to deny sale of goods and services to unruly and unreasonable buyers.

d)

All of the above statements are true and correct about the rights of sellers.

18.

Which doesn’t show the responsibility of a seller?

a)

The seller welcomes and greets the buyers courteously.

b)

The seller should keep the store clean.

c)

Refusing to issue a warranty for electronic products.

d)

The seller acts as a security guard by protecting the store against robbers, shoplifters and burglars.

19.

The seller should listen attentively with an expression of interests.

a)

Harried and impatient buyers

b)

Talkative buyers

c)

Suspicious buyers

d)

None of the above

20.

The seller should be very careful in giving a change to the buyer.

a)

Substitution selling

b)

Giving change

c)

Brand preference

d)

Complaints of the buyers

21.

Changing the size, shape, and looks of materials to fit human needs is??

a)

Obtaining resources

b)

material processing

c)

manufacturing processes

d)

none of the above

22.

Raw materials are turned into finished goods.

a)
b)
23.

This is a process wherein the manufacturers break down a raw material.

Example: Ham, hotdog, siomai, bacon and other products made of pork.

a)

Synthetic

b)

Analytic

c)

Conditioning

24.

Procedure: Making Special Polvorons


I. Add sugar and the melted butter. Mix them well

II. Remove the pan from the stove. Immediately transfer the toasted flour in a bowl.

III. Fill the molder with the cooked polvoron. Then press gently. If the polvoron mixture is still loose, add some butter.

IV. Toast the flour on a pan for about 15 minutes or until light brown. Stir constantly so that the flour will not burn.

V. Wrap the molded polvoron with cellophane or Japanese paper. Be very careful to avoid tearing the wrapper.

VI. Add the powdered milk. Then toss the mixture for about 3-4 minutes.


What is third step by making polvoron?

a)

III

b)

IV

c)

V

d)

VI

25.

Procedure: Making Special Polvorons


I. Add sugar and the melted butter. Mix them well

II. Remove the pan from the stove. Immediately transfer the toasted flour in a bowl.

III. Fill the molder with the cooked polvoron. Then press gently. If the polvoron mixture is still loose, add some butter.

IV. Toast the flour on a pan for about 15 minutes or until light brown. Stir constantly so that the flour will not burn.

V. Wrap the molded polvoron with cellophane or Japanese paper. Be very careful to avoid tearing the wrapper.

VI. Add the powdered milk. Then toss the mixture for about 3-4 minutes.


What is FIRST step by making polvoron?

a)

I

b)

II

c)

III

d)

IV

26.

Procedure: Making Special Polvorons


I. Add sugar and the melted butter. Mix them well

II. Remove the pan from the stove. Immediately transfer the toasted flour in a bowl.

III. Fill the molder with the cooked polvoron. Then press gently. If the polvoron mixture is still loose, add some butter.

IV. Toast the flour on a pan for about 15 minutes or until light brown. Stir constantly so that the flour will not burn.

V. Wrap the molded polvoron with cellophane or Japanese paper. Be very careful to avoid tearing the wrapper.

VI. Add the powdered milk. Then toss the mixture for about 3-4 minutes.


What is LAST step by making polvoron?

a)

II

b)

IV

c)

V

d)

VI

27.

Procedure: Making Special Polvorons


I. Add sugar and the melted butter. Mix them well

II. Remove the pan from the stove. Immediately transfer the toasted flour in a bowl.

III. Fill the molder with the cooked polvoron. Then press gently. If the polvoron mixture is still loose, add some butter.

IV. Toast the flour on a pan for about 15 minutes or until light brown. Stir constantly so that the flour will not burn.

V. Wrap the molded polvoron with cellophane or Japanese paper. Be very careful to avoid tearing the wrapper.

VI. Add the powdered milk. Then toss the mixture for about 3-4 minutes.


What is the CORRECT steps by making polvoron?

a)

IV - II - VI - I - III - V

b)

IV - II - V - III - I - VI

c)

IV - II - VI - I - V - III

d)

IV - II - V - III - VI - I

28.

These are goods or services that people desire or wish to have.

a)

Needs

b)

Wants

c)

Demands

29.

This is the amount of interest to a given product that consumers are willing to buy at a given price and period.

a)

Needs

b)

Wants

c)

Demands

30.

Health care

a)

Needs

b)

Wants

31.

University education

a)

Needs

b)

Wants

32.

Basic income

a)

Needs

b)

Wants

33.

Family

a)

Needs

b)

Wants

34.

English Skills

a)

Needs

b)

Wants

35.

Demand means

a)

is the amount of a good or service produced.

b)

is the price that is demanded by consumers.

c)

the amount of a good or service that consumers are willing to buy.

d)

None of the above.

36.

If the price of a good or service decreases what will happen to the demand for it?

a)

increase

b)

decrease

c)

stay the same

d)

who knows

37.

The seller must ask his/her buyers the following:

a. what goods/products they need

b. what goods/products they might buy in the future

c. what other need they have

a)

Who is/her buyers are

b)

What his/her buyers buy

c)

Why his/her buy the good/product or service

38.

Determine the store where the buyer chooses to buy because it means that the buyer believes that the store/seller is above his/her competitors.

a)

The buyer's budget

b)

Buyer's occupation

c)

The buyer's trust to the seller/store

d)

The buyer's expectation from the seller

39.

A seller must know how the buyer buys a good/product or service. The buyer may choose face-to-face selling, meetup, through online, or through an agent.

a)

When the buyer usually buys

b)

The way a buyer buys a good/product or service

c)

The buyer's relationship with the seller

d)

The buyer's trust to the seller/store

40.

WHAT IS HELE?

a)

HOUSE ECONOMICS AND LIVELIHOOD EDUCATION

b)

HOME EDUCATION AND LIVELIHOOD ECONOMICS

c)

HOME ECONOMICS AND LIVELIHOOD EDUCATION

d)

HOME ENVIRONMENT AND LIVELIHOOD EDUCATION