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Worksheets

HELE Diagnostic Test

Total questions: 65

Worksheet time: 42mins

Name
Class
Date
1.

Tony Tan Caktiong owns Jollibee Foods Corporation

a)

TRUE

b)

FALSE

2.

Henry Sy, Sr, owns Shoe Mart/ SM Malls

a)

TRUE

b)

FALSE

3.

Who owns the Philippine Airlines (PAL)?

a)

Tony Tan Caktiong

b)

Lucio Tan

4.

Who owns the National Bookstore, Incorporated?

a)

Socorro C. Ramos

b)

Lolita O. Hizon

5.

Who owns the Mercury Drugstore?

a)

Mariano Que

b)

Cecilio K. Pedro

6.

Alfredo Yao owns Ayala Corporation

a)

TRUE

b)

FALSE

7.

Alfredo Yao owns Zest-O corporation

a)

TRUE

b)

FALSE

8.

Who owns the CDO Foodsphere, Incorporated?

a)

Corazon D. Ong

b)

Lolita O. Hizon

9.

Who owns the Pampanga's Best?

a)

Corazon D. Ong

b)

Lolita O. Hizon

10.

Does John Gokongwei, Jr. owns the Starmall and Vista Land Lifescapes?

a)

NO

b)

YES

11.

Does John Gokongwei, Jr. owns the Cebu Pacific and Robinson's Land?

a)

NO

b)

YES

12.

Who owns the Starmalls/Vista Land?

a)

John Gokongwei, Jr.

b)

Manny B. Villar

13.

Makes wise decisions towards the set objectives

a)

Creative

b)

Profit-oriented

c)

Disciplined

d)

Sound decision maker

14.

Strategic thinking and setting of goals

a)

Possess people skills

b)

Excellent Planner

c)

Confident

d)

Hardworking

15.

Trusting in one’s ability

a)

Confident

b)

Committed

c)

Ability to accept change

d)

Creative

16.

Adoptable to change

a)

Profit-oriented

b)

Excellent Planner

c)

Ability to accept change

d)

Hardworking

17.
Innovates to have an edge over other competitors
a)
Confident
b)
Creative
c)
Disciplined
d)
Possess people skills
18.

Solid dedication

a)

Committed

b)

Skillful in record keeping

c)

Confident

d)

Possess people skills

19.

Always sticks to the plan

a)

Profit-oriented

b)

Creative

c)

Committed

d)

Disciplined

20.

Work diligently

a)

Creative

b)

Confident

c)

Hardworking

d)

Profit-oriented

21.

Effective and efficient communication skills and relates well to people

a)

Skillful in record keeping

b)

Possess people skills

c)

Ability to accept change

d)

Sound decision maker

22.

Always looking for an opportunity to have/earn income

a)

Profit-oriented

b)

Creative

c)

Hardworking

d)

Disciplined

23.

Innovates to have an edge over other competitors

a)

Confident

b)

Creative

c)

Disciplined

d)

Possess people skills

24.

This refers to the quality of an entrepreneur who is not afraid to do new things and take risks

a)

Independent

b)

Problem-solving & Decision-making Skills

c)

Risk Taker

d)

Self confident

25.

A characteristic of an entrepreneur who does not give up and keep on trying.

a)

Persistent

b)

Inquisitive

c)

Goal oriented

d)

Risk taker

26.

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

27.

A characteristic of an entrepreneur who possesses the ability to read, write and speak in an understandable, accurate and professional manner

a)

Persistent

b)

Inquisitive

c)

Math skill

d)

Communication Skill

28.

A characteristic of an entrepreneur who has the ability to build and maintain positive relationships, and works well with others.

a)

Human relationship skills

b)

Inquisitive

c)

Math skill

d)

Communication Skill

29.

A characteristic of an entrepreneur who has the knowledge in basic arithmetic and business math skills such as calculating profit

a)

Human relationship skills

b)

Inquisitive

c)

Math skill

d)

Communication Skill

30.

A characteristic of an entrepreneur who shows knowledge in computers and know how to use them productively

a)

Human relationship skills

b)

Technical skills

c)

Math skills

d)

Communication Skills

31.

The knowledge and understanding of the economy and business functions such as marketing and management refers to

a)

Human relationship skills

b)

Basic business skills

c)

Math skills

d)

Communication Skills

32.
This type of business is owned by one person.
a)
Partnership
b)
Sole Proprietorship
c)
Corporation
d)
Franchise
33.
This type of business is owned by two or more people.
a)
Sole Proprietorship
b)
Partnership
c)
Corporation
d)
Franchise
34.
This type of business is owned by many people called stockholders.
a)
Sole Proprietorship
b)
Partnership
c)
Corporation
d)
Franchise
35.
This type of business is a contractual agreement with a parent company to sell its products/services in an area.
a)
Sole Proprietorship
b)
Partnership
c)
Corporation
d)
Franchise
36.
Law firms and doctor's offices are examples of.....
a)
Sole Proprietorships
b)
Partnerships
c)
Corporations
d)
Franchises
37.
Nike, Google and Apple are examples of.....
a)
Sole Proprietorships
b)
Partnerships
c)
Corporations
d)
Franchises
38.
McDonald's and Burger King are examples of....
a)
Sole Proprietorships
b)
Partnerships
c)
Corporations
d)
Franchises
39.
Advantages of this business type are that the owner is their own boss and gets to keep all the profits.
a)
Partnership
b)
Sole Proprietorship
c)
Corporation
d)
Franchise
40.
Disadvantages for this type of business include: owner pays for everything, hard to get money to start from the bank, owner might lack skills & unlimited liability.
a)
Sole Proprietorship
b)
Partnership
c)
Corporation
d)
Franchise
41.
Advantages of this business include: easier to get money from the bank to start, share skills and share risks.
a)
Sole Proprietorship
b)
Partnership
c)
Corporation
d)
Franchise
42.
Disadvantages of this business type include: needs a partnership agreement, partners might not get along, owners share profits, unlimited liability.
a)
Sole Proprietorship
b)
Partnership
c)
Corporation
d)
Franchise
43.
Advantages of this type of business include: selling stock to raise money, limited liability.
a)
Sole Proprietorship
b)
Partnership
c)
Corporation
d)
Franchise
44.
Disadvantages of this type of business include: company is taxed on profits, regulated by the government, and hard to start.
a)
Sole Proprietorship
b)
Partnership
c)
Corporation
d)
Franchise
45.
Advantages of this type of business include: easy to start, and you can rely on a good company name and expertise.
a)
Sole Proprietorship
b)
Partnership
c)
Corporation
d)
Franchise
46.

Disadvantages of this type of business include: parent company is strict, you are limited in what you sell, and you must operate like every other franchise.

a)

Sole Proprietorship

b)

Partnership

c)

Corporation

d)

Franchise

47.

How is a corporation different from a sole proprietorship or partnership?

a)

A corporation has only one or two owners.

b)

A corporation is usually owned by one person.

c)

A corporation requires a legal charter with the state.

d)

The owners (stockholders) have limited liability.

48.

No paperwork (charter or agreement) is required to start which type of business?

a)

Partnership

b)

Franchise

c)

Sole Proprietorship

d)

Corporation

49.

Which type of business allows the owner to keep all of the profit for him/herself?

a)

Partnership

b)

Franchise

c)

Sole Proprietorship

d)

Corporation

50.

Which business depends on just one person for the skills and talents to run the business?

a)

Sole Proprietorship

b)

Partnership

c)

Corporation

d)

Franchise

51.
When comparing the four main types of business organizations, which protects owners the MOST from personal financial liability due to being sued by a customer?
a)
Sole Proprietorship
b)
Partnership
c)
Franchise
d)
Corporation
52.

Which is a need?

a)

Pop

b)

Coffee

c)

Water

d)

Gatorade

53.
a)
need
b)
want
54.
Lollipop
a)
need
b)
want
55.

Air, shelter, and food are all examples of ______________

a)

needs

b)

wants

56.

Someone who buys goods or services is called a ____________________

a)

producer

b)

consumer

57.

Which of these explains a want, not a need?

a)

Shelter: If you don't have this you could possibly die in cold weather

b)

Chocolate: People like to eat this as a sweet treat, some may think it's delicious.

c)

Protein: This is important for having good health. It provides valuable nutrients.

d)

Clothes: You wear these to stay warm and out of jail.

58.

What might be some good reasons that a computer is a need and not a want? (Pick 2)

a)

To check Facebook

b)

To do work for a job

c)

To do homework

d)

To play games on the internet

e)

To watch Netflix

59.

A want is: Something that makes life more happy and _________ but not _________ to survive.

a)

necessary, comfortable

b)

essential, necessary

c)

happy, comfortable

d)

comfortable, necessary

60.
a)
need
b)
want
61.

Needs are the things that all people must have to __________.

a)

stay alive

b)

not need

c)

play everywhere

d)

throw away

62.

_________ are the things that we may like to have but we don't need.

a)

waits

b)

wants

c)

clothes

d)

needs

63.

The place where we can live is called _________

a)

shelf

b)

shift

c)

shelter

d)

sweater

64.

Wants are things that make our life _____________.

a)

more difficult

b)

not fun

c)

expensive

d)

easier

65.

Is this brand of clothing a need or want?

a)

Need

b)

Want