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Understanding Products and Services

Total questions: 20

Worksheet time: 10mins

Name
Class
Date
1.

Products are described as __________.

a)

Services provided by others

b)

Tangible items that can be sold, used, or consumed

c)

Things that cannot be touched

d)

Digital files only

2.

Which of the following is an example of a durable good?

a)

Milk

b)

Bread

c)

Refrigerator

d)

Soap

3.

Which of the following is an example of a nondurable good?

a)

Car

b)

Perfume

c)

Table

d)

Jewelry

4.

What are services?

a)

Work provided by an individual or team for the benefit of customers

b)

Goods that are durable

c)

Materials used for production

d)

Digital applications

5.

Which of the following is an example of a service?

a)

Selling clothes

b)

House cleaning

c)

Baking bread

d)

Buying groceries

6.

Who is the Filipino-Chinese entrepreneur mentioned in the lesson?

a)

Tony Tan Caktiong

b)

Henry Sy

c)

Manny Villar

d)

John Gokongwei

7.

According to Henry Sy, success is a combination of __________.

a)

Luck and money

b)

Hard work, opportunity, readiness, and timing

c)

Education and age

d)

Friends and fame

8.

What tool can be used to create flyers for promoting products or services?

a)

Microsoft Excel

b)

Microsoft Word

c)

Microsoft Paint

d)

Microsoft Access

9.

What application is best for computing production costs and earnings?

a)

Microsoft PowerPoint

b)

Microsoft Word

c)

Microsoft Excel

d)

Microsoft Publisher

10.

What should you do before offering services in your community?

a)

Do it secretly

b)

Ask for your parent’s consent

c)

Wait for someone to ask

d)

Ignore safety rules

11.

What is the first step in identifying income opportunities?

a)

Set your product price

b)

Identify the type of people in your community

c)

Create a flyer

d)

Buy materials immediately

12.

Which of the following is not a type of service mentioned in the lesson?

a)

Legal and financial

b)

Health-related

c)

Household

d)

Manufacturing

13.

Why should products be unique and of good quality?

a)

To look expensive only

b)

To make them stand out from competitors

c)

To sell them faster online

d)

To avoid paying taxes

14.

In Excel, which ribbon tab contains the Accounting Number Format button?

a)

%

b)

$

c)

&

d)

#

15.

Which Excel function is used to calculate the total of numbers in a row or column?

a)

SumFx

b)

AutoTotal

c)

AutoSum

d)

AutoAdd

16.

Which tab in Excel contains the Accounting Number Format button?

a)

Insert

b)

Formula

c)

Data

d)

Home

17.

Which file-sharing service provides complimentary accounts with 10 GB of storage?

a)

MediaFire

b)

Google Drive

c)

OneDrive

d)

DropBox

18.

Which keyboard shortcut opens the Bookmarks > Bookmark Manager?

a)

Ctrl + Shift + B

b)

Ctrl + Shift + O

c)

Ctrl + Shift + L

d)

Ctrl + Shift + A

19.

What file extension suffixes are used for graphic files?

a)

.exe

b)

.pub

c)

.gif

d)

.txt

20.

Which cloud storage service offers 15 GB of free storage?

a)

OneDrive

b)

Google Drive

c)

MediaFire

d)

DropBox