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Worksheets

LS 4 2018 reviewer

Total questions: 50

Worksheet time: 25mins

Name
Class
Date
1.

One of the most difficult and important decisions that you will make in your life is to choose ________.

a)

the career you will pursue

b)

the clothes you will wear on your first day in the job

c)

the vacation spot you will visit

d)

the purchase you will make on your first pay-day

2.

Before you make a good decision about your career choices, you need to ________.

a)

consult your parents

b)

consult your closest friend

c)

consult your teacher

d)

assess yourself/your goals

3.

The following are some of the responsibilities of employers except _______.

a)

giving their employees a safe workplace

b)

giving their employees their salary and benefits

c)

asking their sick employees to report to finish their work

d)

giving their employees a prior written notice if their contract is about to end

4.

It refers to a job that someone does for a long period in his or her life.

a)

Task

b)

Career

c)

Duty

d)

Skills

5.

Lifelong is the practice of continuing to learn throughout one’s entire life.

a)

Training

b)

Learning

c)

Journey

d)

Skills

6.

It is a plan that includes specific steps that you will have to take in order for you to make progress in achieving your goal.

a)

action plan report

b)

career action plan

c)

career plan

d)

goal plan

7.

A/An is an individual who creates a business, bears most of the risks, and enjoys most of the rewards.

a)

Businessman

b)

Entrepreneur

c)

General Manager

d)

Employee

8.

A talent or an ability that comes from training or practice is called ____________.

a)

Strength

b)

Skill

c)

Personality

d)

Talent

9.

________ refers to a person's ability to handle more than one task at the same time.

a)

Hard-working

b)

Persevering

c)

Multitasking

d)

Skills

10.

Managing your own business is both ____________.

a)

a talent and a responsibility

b)

a blessing and a curse

c)

an advantage and a disadvantage

d)

a cause and an effect

11.

For item number 11-13: Identify what skill or quality of an entrepreneur is shown in each of the following statements. “Thinking of selling something and earning a profit are not enough. You have customers that you need to impress so that they will always come back to you. This is why you need to be creative. You must also think of ways on how to keep your business running and how to keep your customers coming back.”

a)

knowing how to calculate risks

b)

identifying and seizing opportunities

c)

having determination and perseverance

d)

being disciplined

12.

For item number 11-13: Identify what skill or quality of an entrepreneur is shown in each of the following statements. “Being your own boss means you will have to grow your business on your own. Thus, for it to reach its full potential, you should know what you could use to your advantage. You must also know how to connect to people who may help you improve your business.”

a)

identifying and seizing opportunities

b)

being disciplined

c)

being creative and visionary

d)

having determination and perseverance

13.

For item number 11-13: Identify what skill or quality of an entrepreneur is shown in each of the following statements. “Bad days shouldn’t get in your as they are part of your journey. Instead, you should keep your eye on your goal if you really want your business to succeed. No matter how difficult things may get, you should be strong enough to reach your goal.”

a)

identifying and seizing opportunities

b)

being disciplined

c)

being creative and visionary

d)

having determination and perseverance

14.

As an entrepreneur, if you will not stop enhancing your personal entrepreneurial competencies, you will likely ____________.

a)

fail

b)

succeed

c)

go bankrupt

d)

be hated

15.

In order to keep the business running, an entrepreneur should be ___________.

a)

all knowing

b)

passionate

c)

close-minded

d)

pessimistic

16.

Work ______ is an attitude of determination and dedication toward one’s job.

a)

Behaviour

b)

Ethic

c)

Contact

d)

Welfare

17.

A/An ________ is a location where someone works for his or her employer.

a)

Environment

b)

Setting

c)

Workplace

d)

Ethnic

18.

________ refers to a person’s mental or physical condition.

a)

Welfare

b)

Health

c)

Status

d)

State

19.

The ability to use one’s time effectively or productively is called ______ management.

a)

Ethnic

b)

Schedule

c)

Program

d)

Time

20.

What do you do if you are putting most essential activities high on your to do list?

a)

Being energetic

b)

Time availability

c)

Being accommodating

d)

Setting priorities

21.

Which of the following situations show punctuality?

a)

You arrived 15 minutes early in a client’s meeting.

b)

You submitted the needed report when it is asked from you.

c)

You reported to work on time.

d)

None of the above

22.

Your sales performance last month was down, and you accept that you made a mistake, what value do you demonstrate?

a)

resourcefulness

b)

bravery

c)

weakness

d)

accountability

23.

What do you value if you always finished scheduled task for the day?

a)

time is gold

b)

efficiency

c)

professionalism

d)

obligation

24.

______ refers to the ability to accomplish a job with a minimum use of time and effort.

a)

Effectiveness

b)

Proficiency

c)

Efficiency

d)

Business

25.

_____ refers to methods, systems, and devices which are the result of scientific knowledge being used for practical purposes.

a)

Technology

b)

Equipment

c)

Machine

d)

Market

26.

_____ is an organization that sells goods or services for a profit.

a)

Occupation

b)

Business

c)

Market

d)

Seller

27.

How would you know if your business is succeeding?

a)

It has more inventories.

b)

It is in a good location.

c)

You have more suppliers.

d)

You have an increased profit.

28.

Why is it important to know your business’ strengths and weaknesses?

a)

to have more suppliers

b)

to have a loan from the bank

c)

to continuously improve

d)

to fulfill the mayor's requirement

29.

What question should you ask yourself if you want to start a business?

a)

What are the people’s needs?

b)

How much capital do I need?

c)

Where will I put my business?

d)

How much product will I sell?

30.

What do you call someone who sells foods or services for a profit?

a)

investor

b)

politician

c)

self-employed

d)

entrepreneur

31.

What do you need to have to manage your business even if you are not in your store physically?

a)

CCTV

b)

record book

c)

system

d)

cashier

32.

The physical objects that satisfy the needs and wants of the people are called ______.

a)

Goods

b)

Services

c)

Resources

d)

Consumer

33.

______ are the actions or activities that one person performs for another person.

a)

Goods

b)

Services

c)

Resources

d)

Consumer

34.

______ is a place where two parties can gather to facilitate the exchange of products.

a)

Industry

b)

Market

c)

Community

d)

Exchange

35.

Which of the following accurately describes a market system?

a)

The market system process can happen through the internet where the buyer looks for products being sold at a convenient price.

b)

A market system may involve successful interaction between two entities where one provides a product in exchange of money or another medium of exchange.

c)

Either A or B

d)

Neither A nor B

36.

Market system involves completion of transaction between two players. Some markets are specific only to particular products which sell items to certain types of buyers.

a)

The first statement is true. The second statement is false.

b)

The first statement is false. The second statement is true.

c)

Both statements are true.

d)

Both statements are false.

37.

You went to the market to buy fruits for your family. Instead of buying various fruits, you only bought a dozen of apples because you found out that these are sold at an unusually low price. This is an example of:

a)

Situational Factor

b)

Personal Factor

c)

Psychological Factor

d)

Social Factor

38.

The act or process of using up something is called ________.

a)

Production

b)

Distribution

c)

Consumption

d)

Needs

39.

________ is a long-term shift in global or regional climate patterns.

a)

Climate change

b)

Charter change

c)

Global change

d)

Environment

40.

________ are things that are important to human beings for survival.

a)

Needs

b)

Wants

c)

Desires

d)

Distribution

41.

Dante desires to minimize his resource use at home and lessen his waste. He has accumulated sacks of plastic bottles due to his good appetite for beverages. What do you think Dante can do to maximize the use of those wastes?

a)

Avoid storing plastic bottles.

b)

Bury the bottles at the backyard.

c)

Sell or donate the plastic bottles.

d)

Throw them away.

42.

Your mother is not feeling well; you are asked to buy foods for your dinner. This is the first time that you will do this, your mother gave you money and the list of items that you will buy, what is the very first thing that you need to do?

a)

Wear your favorite dress.

b)

Go with your friends.

c)

Go to the nearest store located in your place.

d)

Consider which stores sells the items that you need to buy.

43.

Teacher Catherine has a new pair of shoes. She bought it online. Before she adds it to her cart she browses first the details and specifications of this product, she also reviews the comments of other people who have already purchased the same item. What kind of consumer teacher Catherine is?

a)

sensitive

b)

meticulous

c)

has high standards

d)

making informed choices

44.

Sustainable living is a way of life that focuses on reducing the harmful effects of our consumption and lifestyle in the environment. There are varied ways to reduce the harmful effects of our consumption. To follow this way, how do you call something that is done by finding new purposes for old items that you already have?

a)

recycling

b)

reusing

c)

redoing

d)

refusing

45.

______ are paid announcements in newspapers, magazines, radio, television, or on the Internet.

a)

Public Notices

b)

Advertisements

c)

Promotions

d)

Investment

46.

The ability to make smart decisions with money refers to ________ literacy.

a)

Arithmetic

b)

Financial

c)

Economic

d)

Wealth

47.

________ is an item acquired with the goal of generating income.

a)

Investment

b)

Wealth

c)

Property

d)

Security

48.

Which statement about advertisement is INCORRECT?

a)

Advertisement aims to catch the attention of the people to buy the products.

b)

Advertisement aims to create connection with customers to buy the products.

c)

Advertisement aims to help different social media station to be popular as well as the artist.

d)

Advertisements aims to promote their products to purchase the goods and services.

49.

Businesses vary in the focus of their target clientele. Some businesses offer products and others offer services. How do you call an individual who patronizes business products and services?

a)

clients

b)

seller

c)

consumers

d)

buyers

50.

Which of the four consumer rights provide correct information regarding their products and services?

a)

Right to choose

b)

Right to safety

c)

Right to representation

d)

Right to be informed