St.

Mary’s Academy of Jasaan, INC

Formerly: Mary Immaculate Academy
E. Quirino St., Upper Jasaan, Misamis Oriental
Academic Year 2021-2022

TECHNOLOGY AND LIVELIHOOD EDUCATION 7

Midterm Online Examination

Name: ________________________________________Date: __________ Score: _______________

Grade & Section: _______________________________Teacher: Mrs. Aljean V. Zambrano

Honesty Pledge
“I agree that I will not give or receive unauthorized help during the test. I understand that giving or
receiving such help during the test is cheating and will result in the invalidation of my test results.”
_____________________________
Signature

Test I- MULTIPLE CHOICE

Directions: Read the questions carefully and click the button that corresponds to the letter of the best answer.

1. Which of the following should be considered by an aspiring entrepreneur to seek relevant business
information?
A. Attend seminars and workshops on livelihood projects.
B. Enroll in livelihood training programs
C. Read success stories of entrepreneurs
D. All of the above

Why are small businesses

important to a country's economy?
A. They give an
outlet for entrepreneurs.
B. They can provide specialist
support to larger companies.
C. They can be innovators of new
products.
D. All the above.
ANSWER: D
2. What refers to the ability to think not only of the present but of the future as well?
MIDTERM EXAMINATION- TECHNOLOGY AND LIVELIHOOD EDUCATION 7
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 A. Creativity
B. Foresight
C. Evaluation
D. Innovation

3. Which of the following is helpful in distributing your money for what you need in order to spend without
overspending?
A. Budgeting
B. Financing
C. Forecasting
D. Planning

Why are small businesses

important to a country's economy?
A. They give an
outlet for entrepreneurs.
B. They can provide specialist
support to larger companies.
C. They can be innovators of new
products.
D. All the above.
ANSWER: D
4. Which of the following is used as a medium of exchange today?
A. Barter
B. Gold
C. Money
D. Goods

6. Which refers to the process of putting money in a productive venture to earn profit?
A. Borrowing
B. Spending
C. Saving
D. Investing

7. Which refers to a manner of acquiring a certain amount of money borrowed from different sources?
A. Borrowing
MIDTERM EXAMINATION- TECHNOLOGY AND LIVELIHOOD EDUCATION 7
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 B. Spending
C. Saving
D. Investing

8. This is the practice of setting aside a certain amount of money at home, in a bank or other venues with the
intent of accumulating this for future use.
A. Borrowing
B. Spending
C. Saving
D. Investing

9. The Philippine money, both paper bills and coins are issued by the _______________________.
A. Automated Teller Machine
B. Bangko Sentral ng Pilipinas
C. Banco de Oro
D. All of the above

10. What is Financial Literacy?

A. It is having knowledge and information about money.
B. It is having the right attitude and behaviour toward the use of money.
C. It is having the skill in the use of money and its sources and forms.
D. All of the above.
TEST II. TRUE OR FALSE.
Directions: Click the button True if the statement is true or false if the statement is False.

11. When you want to spend your money for something,think twice or three times before deciding to buy
something.

12. When you are financially literate, you have the knowledge and skill to compute costs and prices accurately.

13. Young people acquire financial literacy through a variety of channels.

14. Financial education is a national program that should start early in elementary.

15. Financial literacy is not knowing how to make decisions with your money.

16. Money is the most important inventions of humankind.

17. Paper currency was invented in South Asia in the eleven century.

18. The one that consume the goods produced and serve from different business are called customers.

19. Money evolved from a system of concrete objects such as gold and silver.

20. There are foreign exchange outlets in every country to exchange peso to dollar, yen, yuan or pound
depending on the currency you need.

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