Miriams Academy of ValenzuelaFirst Quarter Examination in HELE 5

NAME: _______________________________________________ DATE: ______________________________

GRADE & SECTION: ___________________________________ SCORE: _____________________________

I. WRITE THE LETTER OF THE CORRECT ANSWER IN THE SPACE PROVIDED.

__ 1. It refers to the food, shelter and clothes that are essential for a person to survive. Such as education and health care.a. needsb. wantsc. demandd. supplies

__ 2. It is create when someone desires something and badly wants to have it and is willing to pay for it.a. needsb. wantsc. demandd. supplies

__ 3. It is a something a person would like to have, but is not essential for survival. This is something that is unnecessary.a. needsb. wantsc. demandd. supplies

__ 4. Necessary things we can live without it.a. needsb. wantsc. demandd. supplies

__ 5. The examples of it are, cars, gadgets, and anything that is so ambitious. a. needsb. wantsc. demandd. supplies

__ 6. In a community with many families with both parents working and have no time to cook, which among the following service type of business is best to establish?a. beauty salonb. food servicec. janitorial serviced. repair shop

__ 7. A process by which raw materials is converted into a finished product.a. manufacturingb. retailingc. serviced. wholesaling

__ 8. Why is variety of skin important to operating a service?a. provides satisfaction to customerc. promotion is presentb. competition is strongd. company conducts seminar

__ 9. Geoff wants to put up a service business. What factors should he consider?a. availability of raw materialsc. needs and problems of the communityb. mastery of serviced. all of the above

__ 10. Which of the following entrepreneurship activities offers a wide range of opportunities?a. buy and sell businessc. small scale businessb. manufacturing serviced. service business

__ 11. An entrepreneurial activity related to the sale of goods and offering services directed to the costumer. a. manufacturingb. retailingc. serviced. wholesaling

__ 12. It is a process of acquiring goods through the exchange of other goods or services. a. barter systemc. channel of distributionb. exchange distributiond. link of connection

__ 13. The amount set by the retailer for merchandise for sale.a. cost priceb. mark upc. retailerd. selling price__ 14. Which of the following is NOT considered in pricing merchandise?a. supply and demand for goodsb. goods on storagec. quality of goodsd. competitors price.

__ 15. The amount calculated based on cost price.a. retail pricec. selling priceb. mark up priced. wholesale price

__ 16. An entrepreneurial activity related to the sale of goods and offering services direct to costumers.a. manufacturingb. retailingc. serviced. wholesaling

__ 17. A manufactured product is selling directly to the final user or costumer.a. wholesale goodsc. consumer goodsb. retailed goodsd. producer goods

__ 18. A manufacturing activity depends on the costumers order.a. batch manufacturingb. continuous manufacturing or flow shopc. intermittent manufacturing or job ordersd. project manufacturing

__ 19. Products are made and stocked in a warehouse while waiting to be sold and processed at specific times in a year.a. batch manufacturingb. continuous manufacturing or flow shopc. intermittent manufacturing or job ordersd. project manufacturing

__ 20. A process by which raw materials is converted into finished products.a. manufacturingb. retailingc. serviced. wholesaling

__ 21. Functions of management that determines what is do.a. planningb. staffingc. organizing d. directing

___ 22. A managerial activity that hires qualified personnel to assist in the business operations.a. directingb. planningc. staffingd. organizing

___ 23. A function delegates personnel to perform particular tasks.a. organizingb. planningc. staffingd. directing

___ 24. A managerial activity gives instructions effectively to the staff in an organization.a. staffingb. directingc. planningd. organizing

___25. Which of the following is NOT one of Henry Fayols functions that managers perform?a. staffingb. servicingc. planningd. organizing

___ 26. What are the three (3) main forms of business ownership?a. corporations, proprietors and stockholders.b. partnership, sole proprietorship and shareholders.c. partner proprietorship, corporation and sole partnership.d. corporation, partnership and sole proprietorship.

___27. Which is true of a sole proprietorship?a. a sole proprietorship is complicated to start up.b. profits from a sole proprietorship are shared by the owners.c. profits from a sole proprietorship is usually higher than that of the corporations.d. a sole proprietorships owner makes decisions alone.

___28. Which is NOT a disadvantage in forming a partnership?a. investing in a business is much easier than withdrawing from it.b. the business is easier to form.c. the business discontinues with the death of one partner.d. there is limited liability among the partners.

___29. What does unlimited liability mean to the owner of the business?a. the owner has a limited source.b. the company will pay all the debts of the business.c. the owner is responsible to pay all the debts of the business.d. the business discontinue with the death of one partner.

__ 30. In terms of partnership, which of the following is NOT a disadvantage?a. conflict between partnersc. shared profitsb. limited liabilityd. unlimited liability

II. Write T if the statement is true, F if it is false. Write your answer in the space provided.

____ 1. Comfort and satisfaction of costumers should always be priority in an service business.

____ 2. Excellent has always been the best way of advertising a business.

____ 3. The staff and other personnel of a business establishment should treat their customers with helpfulness, honesty, efficiency, and trustworthiness.

____ 4. A personal touch is not helpful in a service type business.

____ 5. An efficient service is highly appreciated by costumer.

III. Choose the letter that best describes the sentence. Write your answer on the space provided.

A. New Distribution ChannelsE. LabelingB. PackagingF. BrandingI. PlaceC. ProductG. Traditional Distribution ChannelsD. Marketing MixH. PriceJ. Promotion

__ 1. A term used as synonyms for the 4 Ps of Marketing.

__ 2. A name, term, sign, symbol or design, or a combination of them intended to identify the goods and services of one seller or group of sellers and to differentiate them from those of other sellers.

__ 3. It is an attractive way of protecting products and helps draw more customer and will encourage more purchases of the product.

__ 4. A label used to identify, grade, describe and promote a product.

__ 5. It allows interaction between buyer and seller.

__ 6. A medium of communication where the buyer and seller communicate, interact, and do business without necessarily meeting in person.

__ 7. Inform buyers about the existence of the product and its benefits and advantages.

__ 8. It is associated with channels of distribution that serve as a means for getting the product to the target customers.

__ 9. The values impose on a product that the buyers are willing to pay.

__ 10. A physical item or service offered to the consumer. Product decision includes such as functions packaging, labeling, branding etc.

IV. ENUMERATION (Use the back page of the paper for the answer)1-4 The 4 Ps Of Marketing

5-8 Meaning of SWOT Analysis

9-11 Different Government Agencies

12-15 Function of management

V. Write the full name of the following government agencies. 1. SSS _____________________________________________________________________

2. DTI______________________________________________________________________

3. BIR _____________________________________________________________________

4. SEC _____________________________________________________________________

5. DOLE ___________________________________________________________________