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First Summative Test in TLE 6

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First Summative Test in T.L. E.

VI
ICT &Entrepreneurship
Name: ______________________________________________ Gr. & Section: _________________Score: _________

I. True or False. Write T if the statement is true and F if the statement is false.
_____1. Manufacturer is one who produces agricultural products like fresh fruits and vegetables.
_____2. Marketing transaction is a business deal between seller and buyer
_____3. Wholesaler, one who buys in large quantity from a manufacturers or producers.
_____4. Money earned from sale is called profit.
_____5. A seller is also a buyer because he/she needs to buy the goods or products he/she will sell.

II. Identify whether the following defines a seller or a buyer. Write S if it is a seller and B if it is a buyer.
_____6. He/she is the owner of the store or business establishment.
_____7. The person who buy the good or services from the business.
_____8. He/she chooses the right quality of goods that would best satisfy his/her needs and wants.
_____9. Also known as the vendor.
_____10. Also called consumer, because they consume or use what they buy.

III. Choose the correct answer to make the sentence complete.


11. A (market, procedure) series of action to be done to produce quality product.
12. A good (product, plan) must be well-crafted by the entrepreneur to produce quality product and be patronized by
the customers.
13. (Location, Utensils) are containers or other household use to produce the product.
14. The construction, plan ) gives a clear idea on what shall be done in order to produce a product .
15. To ensure that your products can be sold, you need to make a (survey, innovation) to find out the needs and
demands of your customers.
16. A plan must be followed carefully to reduce (positive, negative) results.
17. There is a need to identify the demands of your customers so that you (can start the good plan of your product,
identify the materials needed)
18. A (product, store) is produced by the seller to consumed by the buyer.
19. (Planning, Selling) the process of exchanging products for a certain amount of money.
20. An entrepreneur must have (product, capital) to buy products to sell.

IV. Read and analyze the questions carefully. Choose the letter of the correct answer.
21. Which of the following is an example of basic needs?
A. car B. market C. shelter D. watch
22. What do you call a product that some people desire and not so important?
A. goods B. needs C. raw materials D. wants
23. As a wise and smart buyer, what kind of product you should buy?
A. broken item B. cheaper price C. good quality D. high price
24. _________ refer/refers to the needs for love and belonging.
A. Esteem needs C. Self- actualization
B. Security needs D. Social needs
25. An American psychologist who proposed the different levels of needs and human beings.
A. Abraham Maslow C. Abraham Winston
B. Abraham Morris D. Homer Abraham

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