Summative Test in T.L.E.
(Week 1-2)
NAME: Sedrick P. Bucaya SECTION: VI-Hidalgo Score:
I. Choose the letter of the best answer. Write the letter on a separate sheet of paper.
1. A person who starts a business and is willing to risk loss in order to make money.
a. buyer b. seller c. entrepreneur d. manager
2. It is the person who buys goods or services from the seller.
a. entrepreneur b. manager c. buyer d. seller
3. This person owns or manages the store or business establishment and offers goods,
products, or services to those who need it.
a. lawyer b. teacher c. buyer d. seller
4. It is manufactured following a process or grown and nurtured
in order to be sold for a profit.
a. demand b. product c. service d. profit
5. It is a facility supplying a public or market demand.
a. establishment b. school c. factory d. canteen
6. Something you buy based on your needs and wants is called
a. education b. goods c. bills d. service
7. When you pay something at a store, you are the ______
a. entrepreneur b. manager c. buyer d. seller
8. A financial gain, especially the difference between the amount earned and the amount
spent in buying, operating, or producing something.
a. service b. profit c. demand d. goods
9. It is defined as an organization or enterprising entity engaged in
commercial, industrial, or professional activities.
a. establishment b. factory c. school d. business
10. A consumer’s desire to purchase goods and services and willingness to
pay a price for a specific good or service.
a. profit b. product c. demand d. business
11. Which item below is a product?
12. Which word describes the picture below?
Summative Test in T.L.E. (Week 1-2)
13. Which word describes the picture below?
14. Which word describes the picture below?
15. Which word describes the picture below?
16. Peanuts are abundantly grown in San Carlos City, Negros
Occidental. The following are simple products that can be
produced from peanuts. Which one is NOT?
a. Soy sauce b. Peanut butter c. Peanut brittle d. Salted peanuts
17. In selling process, the first thing you must do is to .
a. conduct an opening party
b. invite all people in the community
c. conduct a survey of prospective and qualified buyers of the product
d. request the services of an advertising agent
18. In order to effectively promote your product in the buying
process, you should first ____________
a. understand the buying decision process
b. prepare for selling strategies
c. conduct an opening party
d. invite all people in the community
19. The basic needs of a person are the following, except for _________
a. food b. jewelry c. clothing d. shelter
20. It is the basic necessity of a person. He/she cannot
survive without them.
a. demand b. wants c. needs d. likes
