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Budgeting and Buying & Selling

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

They are the ones who sell people the things they need and want.

a)

Seller

b)

Buyer

2.

It is something necessary to live and function.

a)

Want

b)

Priority

c)

Money

d)

Need

3.

The _______ is the consumer or end user of the product/good.

a)

Buyer

b)

Seller

c)

Marketer

d)

Organizer

4.

A buyer can also be a seller and seller can also be a buyer.

a)

TRUE

b)

FALSE

5.

It is a list of items of expenditures that one plans to spend in a given income or amount.

a)

Market List

b)

Planner

c)

Budget

d)

Menu

6.

Making a practical budget gives a feeling of anxiety knowing that your income is enough for the expenses of the family.

a)

TRUE

b)

FALSE

7.

They work exclusively online without any physical location of store.

a)

Retailers

b)

Wholesalers

c)

Manufacturers

d)

Online Sellers

8.

Which of the following is a good characteristic of a good entrepreneur?

a)

willing to take a risk

b)

willing to be alone

c)

easily distracted by someone

d)

gives decision immediately

9.

They are sellers who think about the needs of the community.

a)

Manufacturers

b)

Entrepreneurs

c)

Retailers

d)

Wholesalers

10.

Which of the following is NOT a characteristic of a good buyer?

a)

not an impulsive buyer

b)

always takes consideration of the price, quality and quantity

c)

buys what he/she wants

d)

avoids panic buying