First Quarter Exam in T.L.E.

III

Name___________________________________ Date____________ Score____________ I. Encircle the letter of the correct answer.

1. The first step in entrepreneurial activity. a. planning b. directing c. staffing d. organizing 2. In planning you have to determine what you want to achieve in putting-up a business in order to give direction to your actions. a. establish your goals c. determine your capital b. study your market d. analyze your managerial skills 3. In planning you have to know how much money or funds you have for your business plan. a. establish your goals c. study your market b. determine your capital d. analyze your managerial skills 4. You need to determine the buying capacity of your customer. a. establish your goals b. study your market c. analyze your managerial skills d. determine your capital

5. You must determine your knowledge to handle business records and transactions. a. analyze your managerial skills c. determine your capital b. establish your goals d. study your market 6. .Determining what is to be done or what business to put up. a. planning b. staffing c. organizing d. directing

7. Deciding on procedures to be implemented. What tasks to perform and how to

accomplish them. a. planning b. staffing c. organizing d. directing

8. Employing qualified persons to assist in the business operation. a. staffing b. planning c. organizing d. directing

9. .Assessing the flow of the business, to find out whether it is making good or not. a. staffing b. planning c. evaluating d. directing

10. .In choosing the best location for your business: it should be near the source of supply. a. cost of labor c. accessibility

b. reliability of transportation facilities d. availability of water and waste disposal facilities 11. It exist at all times, because people need goods and services to survive. a. demand c. business needs

b. business opportunities d. supply 12. Factor in searching for business opportunities that ask: What products are in demand? a. the need of the community c. available resources b. skills and interests d. market 13. Factor in searching for business opportunities that ask: Do you have money for capital? a. the need of the community c. available resources b. skills and interests d. market 14. Factor in searching for business opportunities that ask: Does the particular business activity meet your interest? a. skills and interests c. available resources b. the need of the community d. market 15. Factor in searching for business opportunities that ask: Who will buy your products?

a. market

c. suppliers of raw materials d. technology

b. manpower

16. Factor in searching for business opportunities that ask: Is your product or service new or improved? a. suppliers of raw materials c. market b. technology d. manpower

17. Includes all activities relating to the sale of goods and services direct to consumers. a. wholesaling c. retailing b. selling d. buying

18. An activity concerned with obtaining the right kind of goods in the right amount, at the right time, at the right price and, from the right source. a. purchasing c. retailing b. buying d. selling 19. The value that a retailer sets for the article for sale. It is the amount of money paid for goods or services. a. ceiling c. price b. mark-up d. sales 20. a. land Refers to seed money, equipment, machines, and materials. c. capital

b. demand d. labor

II. Identify the words described. __________________1. The formal acceptance of the offer to marry. __________________2. The act of seeking the love of someone with intent to marry. __________________3. The union of a man and a woman as husband and wife. __________________4. The basic unit of a society.

__________________5. It means living together. __________________6. A family composed only of a husband and wife. __________________7. A family composed of a husband , a wife, and their children. __________________8. The legal dissolution of marriage. __________________9. Cessation of cohabitation between husband and wife by mutual agreement or judicial decree. __________________10. A judicial pronouncement declaring a marriage invalid. __________________11. The element of love which can be shown through words and actions. __________________12. The element of love which means that you should know the person you love. __________________14. A man is married to two or more women at a given time. __________________15. A form of marriage which allows a man to marry only one woman at a given time and vice versa. III. Enumeration.

A. The elements of love (1-4)

B. Classification of Family According to Residence (1-4)

C. Factors to Consider in Choosing a Lifetime (1-5)

D. Grounds for Legal Separation (1-7)

IV. Answer the questions concisely.

1. Why do people marry? 2. What are the advantages of early marriage? 3. What are the disadvantages of early marriage? 4. What are the roles and responsibilities of the children? 5. What are the roles and responsibilities of parents?