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Cavite Institute
Elisea School of Creative Learning
1st Quarterly Examination
Technology and Livelihood Education 6
October 2 – 4, 2018
50

Name: ____________________________________________________________________

I. Read and understand each item carefully. Choose the letter of the correct answer.
In your Answer Sheet. Blacken the circle corresponding to the letter of your answer.
(15 pts)

1. Which best describes a buyer?

A. persons or group of persons who transfer goods and services to the customers in
exchange for money
B. persons who offer things to clients in return of something which most of the time is
money
C. vendors, creditors, dealers, merchants, and suppliers
D. persons or organizations who agree to purchase products or services from suppliers

2. Which is a right of a seller?

A. deny sale of goods and services to unruly and unreasonable customers
B. return goods found to be damaged before it can be used
C. demand an exchange of goods for another item
D. purchase goods at reasonable price

3.

3. Mark continuously finds new and better ways to improve the crafts he creates out of
recyclable
materials. This shows that Mark is

A Responsible C Knowledgeable

B Confident D Innovative

4. Miss Lim is a young and new entrepreneur. She would like to try selling products that have
not
been offered yet in her community. She is not afraid to try whether she will succeed or not.
Miss
 Lim possess this characteristic.

A Responsible C Hard worker

B Risk-taker D Open to criticism

5. Which among the choices below determines the marketability of goods and services?

A Selling C Needs and Wants

B Retailing D Sellers and Buyers

6. Which characteristic of an entrepreneur talks about being confident?

A Entrepreneurs learn from criticism they receive.

B Entrepreneurs are expert in their chosen field of business.

C Entrepreneurs have enough faith in themselves to be able to overcome adversities.

D Entrepreneurs are focused on their goals.

7. These are goods or services that people desire or wish to have.

A needs C wants

B demands D social needs

8. These are the things needed to survive such as food, water, and shelter.

A social needs C esteem needs

B safety needs D physiological needs

9. The amount of interest to a given product that consumers are willing to buy at a given price
and
given period..

A needs C wants

B demands D esteem

10. This is the need for personal awareness and has less concern with the opinion of others.

A esteem needs C physiological needs

 B social needs D self-actualization

11. Which is an example of esteem needs?

A accomplishments C friendship

B employment D sleep

12. Which is an advantage of a short-term relationship between buyers and sellers?

A There is an option to go from one supplier to another for the next purchase.

B Trust is established thus allows for the sharing of information forecasts and
knowledge.

C Greater commitment is developed from both buyers and sellers.

D More discounts and more flexibility in payment is given to the buyer.

13. Which among the following describes the right of buyers?

A Right to offer goods and services.

B Right to get back the goods not paid for on time..

C Right to deny sale of goods and services to unruly and unreasonable customers.

D Right to return goods found to be damaged.

14. Which doesn’t show the responsibility of a seller?

A Refusing to issue a warranty for electronic products.

B Accept and replace products that are not in good condition when returned.

C Give a flexible payment arrangements to buyers in long-term relationship.

D Sell products that are of quality and reasonable price.

15. A marketing transaction where the merchant sells a product or service for the purpose of
securing profit.

A business transaction C bargaining

B selling D buying
II. Match the Wiki site or kind of Blog in column A with their correct description in
column B.
A B
_____ 1. This is a collection of reference or sayings A. Wikipedia
from well-known people, books, movies, etc.
_____ 2. This is a free, open, and multilingual online B. Wikiwikiweb
encyclopedia where any user can
collaboratively contribute and edit the article C. Wikispecies
_____ 3. This site supports free learning communication,
projects, materials, and other learning D. Wikiversity
resources that may be used in all levels, types
and styles of education E. Wikiquote
_____ 4. This is a directory of species of all life forms
_____ 5. Blog that is kept exclusive to families, F. School blog
companies, etc.
_____ 6. Blog utilized by students and teachers to G. Personal blog
collaborate for an assignment or project
_____ 7. Blogs about a person’s interests such as H. Private Blog
travel, music, health, among others.
_____ 8. Blog that describes procedures on cooking, I. Business Blog
arts and crafts, DIYs, etc.
J. How-to Blog

III. Compute for the total expenses in making a bottle of perfume including the labor,
mark up price
and the selling price. Mark up rate is 15%. (5 points)

Materials Used Amount in Php

Vodka 50
Essential oils 15
Fragrance oils 10
Infused oils 15
Distilled water 5
Glycerine 20
Bottle 15
TOTAL EXPENSES of
MATERIALS
Labor 40
TOTAL EXPENSES
including LABOR

Mark-up Price
 Selling Price

IV. As a grade 6 student, think of a product that will sell like hot cakes to your
classmates and
other students in your school.

What will be your product?

_____________________________________________

How will you know that it will sell well?

______________________________________

_____________________________________________________________________
___

How will you advertise it to the students in your school?

_______________________

_____________________________________________________________________
___

What is the importance of learning entrepreneurial skills at your age?

____________

_____________________________________________________________________
___