Bohol Evangelical School of Theology

1658 Dagohoy Road, Tiptip District, Tagbilaran City, Bohol

Gradeschool Department

FIRST MIDQUARTER TEST IN H.E.L.E 6

NAME & GRADE: ______________________________________________________

DATE: ________________________________ SCORE: ________

I. IDENTIFICATION
A. DIRECTIONS: Read the statement carefully. Encircle the letter of your choice.
1. A person who is able to convert a new invention into a successful innovation.
A. customer B. businessman C. retailer D. dealer

2. A buy and sell business type are called _x_.

A. Jewelry Shop B. Mall C. Sari-sari store D. school

3. It is used to create goods or services and are not themselves in the process.
A. capital B. needs C. profit D. venture

4. There are tips on putting up your own business, except _x_. A. You need a spacious
space or location of your store.
B. Sell the most in demand products.
C. Give all the items on a credit basis.
D. Register your business.

5. Prices of the goods must be _x_.

A. expensive
B. reasonable
C. heavy
D. none of the above
6. It administers and manages the government health system.
A. BIR B. DOLE C. SSS D. PhilHealth

7. An agency for single – owned or single proprietorship business.

A. DTI B. LGU C. BIR D. Barangay Office

8. What agency you are going to register if your business is owned via partnership or
corporation?
A. DepEd B. SEC C. NASA D. BFP

9. How many required employees for the employer to register in DOLE?

A.2 B. 5 below C. 5 up D. 3-4
10. Which agency that the employer needs to apply for a business taxpayer identification
number?
 A. SSS B. PAG-IBIG C. BIR D. LTO
B. DIRECTIONS: Identify the advice followed by each situation. Write the letter of the correct
answer on the blank provided.

A. Do research
B. Register your business
C. Sell the most in demand products
D. Contact a supplier
E. Offer prices that are reasonable
F. Operate on a cash basis
G. Attend seminars to improve your business

_____ 1. Alma went to the City Hall to request for a Mayor’s permit before she started
building her store.
_____ 2. Mr. Arthur went to a symposium held by the Department of Trade and
Industries and listened to a discussion on how to handle credit-based
purchases in the business.
_____ 3. Aware of the mandate on wearing face shields, Aling Rosa started to buy them
in bulk.
_____ 4. Ms. Reyes noticed that a lot of people ask if she sells sim cards. She buys
them the next day.
_____ 5. Bonoy agreed to be Jojo’s supplier and that he will deliver the vegetables from
the market to the latter’s store every Saturday.
_____ 6. Aling Nora decided to sell the sardines at 20 pesos after buying them at 17
pesos.
_____ 7. Mrs. Cañete allows credit from her store but collects the payment every
Sunday.

C.DIRECTIONS: Identify the following. Write your answer on the space provided before the
number.

_____ 1. If your business is owned via partnership or corporation, register with this
agency.
_____ 2. All SSS members should have an earning at least _x_.
_____ 3. Apply for Business Taxpayer Identification Number.
_____ 4. A form of business organization which is the owner acquires all the profits from
his business.
_____ 5. A form of business that has better management because of the presence of
more participants in the operations.
II. CLOZE TEST

DIRECTIONS: Provide the missing letters for the sentences to make sense. The first letter
has been given for you.
1. The word sari-sari is also known as s __ __ __ __ __.

2. Choose a strategic l __ __ __ __ __ __ __ for your business.

3. Think wisely on which p __ __ __ __ __ __ __ to sell.

4. Sell products on a c __ __ __ basis so that you maintain your stocks.

5. P __ __ __ __ __ of goods must be reasonable if you want more customers and stay in

business.

III. MATCHING TYPE

A. DIRECTIONS: Match column A with column B. Write only the letter on the space provided
before the number.

Column A Column B

_____1. A box where you can put the cash in your store. A.

_____2. This is a location or a space where you can build B.

your business.

_____3. Sell items that people demand. C.

_____4. Attend seminars for additional knowledge D.

on how to run your business.

_____5. Gain patronizers. E.

IV. TRUE OR FALSE

A. DIRECTIONS: Write true if the statement is correct and if the statement is false, underline
the word that makes it wrong then write the correct word on the space provided.

_________1. Your initial need in putting up a store is a spacious place.

_________2. You need to sell your products on a credit basis so that you can maintain your stocks.

_________3. It is wise to get your supplies from public market wholesalers.

_________4. Registration of business is a must for legal purposes.

_________5. Attend seminars to improve your knowledge and skills in business.

_________6. You can put the cash in a safety box.

_________7. The most in demand products are jewelries and Gameboy.

_________8. If you want more customers and stay in business, you must sell expensive goods
with poor quality.

_________9. Capital is the amount of money and resources a person uses for business.

________10. Sari-sari store is a buy and sell business.

B. DIRECTIONS: Write T if the statement below is true and write F if the statement is false.

_____________1. Registration to government agencies will make your business legal.

______________2. Law is an authoritative regulation.

_____________ 3. Sole Proprietorship is easy to put up however, the owner dares high risk to his
financial claims.
______________4. Once the business is already legal, it will open opportunities for growth in credit
line with suppliers and capitalization.
______________5. The single owner is the employee.
V.DIRECTIONS: Identify the name and the agency being headed by the person in the picture.