Republic of the Philippines

Department of Education
REGION VI – WESTERN VISAYAS
SCHOOLS DIVISION OF SILAY CITY

TECHNOLOGY and LIVELIHOOD EDUCATION 6

ICT and Entrepreneurship
First Summative Test
Fourth Grading
Direction: Choose the letter of the correct answer.
__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. 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
__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. 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
__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. It is a facility supplying a public or market demand.
a. establishment b. school c. factory d. canteen
__9. He is the president and CEO of Jollibee Foods Corporation.
a. Socorro C. Ramos b. Tony Tan Caktiong c. Lucio Tan d. Ben Chan
__10. A company owned by Socorro C. Ramos and Jose Ramos.
a. National Book Store b. Jollibee c. Philippine Airlines d. Bench
__11. It is the basic necessity of a person. He/she cannot survive without them.
a. demand b. wants c. needs d. likes
__12. The basic needs of a person are the following, except for .
a. food b. gadgets c. clothing d. shelter
__13. 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
__14. 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
__15. 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
__16. Which item below is a product?
a. Cellphone repair b. laundry shop c. vegetables d. carwash
__17. Which item below is a service?
a. School supplies b. laundry shop c. vegetables d. Peanut butter
__18. Which of the following products is the most in-demand in school?
a. Bottled water b. construction materials c. pots d. soysauce
__19. Include personal worth, social recognition, and accomplishments.
a. Physiological needs b. Security needs c. Esteem needs d. Self-actualization
__20. Are personal awareness and have less concern with the opinions of others.
a. Physiological needs b. Security needs c. Esteem needs d. Self-actualization

Rizal Street, Brgy. III, Silay City, Negros Occidental, Philippines

Website: www.depedsilaycity.weebly.com
Email Address: deped.silay@deped.gov.ph
Facebook Account: https://www.facebook.com/DepEdSilayCity
Contact Number: Admin 4417153/ 458-4396/ HR 458-4401/ SGOD 458-4402/CID 458-4406/
 Republic of the Philippines
Department of Education
REGION VI – WESTERN VISAYAS
SCHOOLS DIVISION OF SILAY CITY

Key answers:

1. C
2. C
3. B
4. B
5. C
6. B
7. C
8. A
9. B
10. A
11. C
12. B
13. A
14. C
15. A
16. C
17. B
18. A
19. C
20. D

Rizal Street, Brgy. III, Silay City, Negros Occidental, Philippines

Website: www.depedsilaycity.weebly.com
Email Address: deped.silay@deped.gov.ph
Facebook Account: https://www.facebook.com/DepEdSilayCity
Contact Number: Admin 4417153/ 458-4396/ HR 458-4401/ SGOD 458-4402/CID 458-4406/