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First Quarter Summative Test- TLE 6

Total questions: 30

Worksheet time: 15mins

Name
Class
Date
1.

______ is the cost required for something.

a)

product

b)

expenses

c)

profit

d)

assets

2.

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.

3.

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

4.

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.

5.

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

6.

What will you consider in producing simple product?

a)

Your mother’s suggestion.

b)

Your hobby or interest

c)

Trending products

d)

Things you don’t have

7.

The store of Santos family is located near Francisco Benitez Elem. School but due to pandemic they cannot sell school supplies. They have decided to produce and designed other simple product, what are they going to do NEXT?

a)

Advertise their product.

b)

Create the product.

c)

Decide what materials to use.

d)

Design their product

8.

Creating goods by using human effort is known as

a)

manufacturing

b)

production

c)

processing materials

9.

True or False

Many different processing techniques may be needed to produce one type of product.

a)

true

b)

false

10.

Which of the following is an example of custom production?

a)

a birthday cake with decorations you choose

b)

cellphones

c)

t-shirts for the Summer Olympics

11.

Which refers to something that is manufactured following a process, grown and nurtured in order to be sold for a profit?

a)

Product

b)

Service

c)

Want

d)

Need

12.

Which best describe an ideal entrepreneur?

a)

He thinks of profits all the time

b)

He desires to produce quality products and services

c)

He never consider the welfare of his customer

d)

He believes that he is always right

13.
What is an entrepreneur?
a)
A person who is in charge of a specific location.
b)
A person who works for someone else in order to learn skills.
c)
A person who organizes and operates a business or businesses.
d)
None of these
14.

It means to do work that others are willing to pay you to do.

a)

buyer

b)

demand

c)

service

d)

product

15.

It means to make or assemble something that others are willing to buy.

a)

buyer

b)

demand

c)

money

d)

product

16.

It is an important product that you must acquire.

a)

book

b)

customer

c)

need

d)

want

17.

It is a product that you desire but is not important.

a)

customer

b)

like

c)

need

d)

want

18.

Which of the following group of things/goods is the basic needs of the family?

a)

House, cellphone, foods, clothing

b)

House, medicine, foods, clothing

c)

House, car, Television, clothing

d)

House, laptop, cellphone, medicine

19.

It is the most important factor to consider in selling products.

a)

demand

b)

needs

c)

product

d)

wants

20.

It refers to one who can afford to buy within his/her resources.

a)

customer

b)

needs

c)

producer

d)

seller

21.

.It is " a party that makes, offers or contracts to make a sale to an actual or potential buyer."

a)

customer

b)

needs

c)

producer

d)

seller

22.

Most products that are in demand in school are__________.

a)

Clothes and shoes

b)

Food and clothes

c)

Rice and oil

d)

School supplies and food

23.

It is included in the spreadsheet that shows when was the survey was completed or submitted.

a)

Date

b)

Responses

c)

Time

d)

Timestamp

24.

It is a free cloud-based storage service that enables users to store and access files online. This is used to store spreadsheet of responses from your survey using Google Forms.

a)

iCloud

b)

Microsoft OneDrive

c)

Google Drive

d)

Dropbox: Cloud Storage

25.

This type of website contains writers who tells about their personal experiences, thoughts, feelings, ideas, opinions and observations about certain places, events, things or issues they have been involved in.

a)

Blog

b)

Google

c)

Website

d)

Wiki

26.

It is a method of communication between two or more persons with personal computers who are all connected online through the internet.

a)

Audio Video Conferencing

b)

Blog

c)

Telephone

d)

Webcam

27.

It is a website that is collaborative in nature. It provides information about any type of subject.

a)

Blog

b)

Google

c)

Website

d)

Wiki

28.

What is a method of communication between two persons with personal computers who are both connected online through the Internet?

a)

E-Groups

b)

Audio Visual Conference

c)

Multimedia Conference

d)

Audio-Video Conferencing

29.

All are requirements for audio-video conferencing EXCEPT _________.

a)

Internet Access

b)

Personal Computer

c)

Smart Phones

d)

Web Camera

e)

Microphone

30.

What is an electronic communications network for the interconnection of computers to access different websites?

a)

Wi-Fi

b)

Bluetooth

c)

Internet

d)

Broadband