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LS 4 : LIFE AND CAREER SKILLS

Read each item carefully and choose the letter of the best answer that completes each statement or that answers the given question.

1. One of the most difficult and important decisions that you will make in your life is to choose ________.
A. the career you will pursue
B. the clothes you will wear on your first day in the job
C. the vacation spot you will visit
D. the purchase you will make on your first pay-day

2. When applying for a job, you need to __________.
A. prepare an application letter
B. prepare a biodata/curriculum vitae
C. prepare for a job interview
D. all of the above

3. Work readiness skills are sometimes called ___________.
A. work skills
B. hard skills
C. soft skills
D. All of the above

4. Which of the following is not included in the rights of employees?
A. The employees have the right to full employment regardless of their background.
B. The employees have the right to come to work at their schedule.
C. The employees should receive their salary on time.
D. The employees have every right to have a rest day at least once a week.

5. Which of the following will help you cope and deal with the changing environment?
A. stock knowledge
B. continuous learning
C. chatting with friends
D. browsing the internet

6. Managing your own business is both _____________.
A. a talent and a responsibility
B. a blessing and a curse
C. an advantage and a disadvantage
D. a cause and an effect

7. “It is the foundation of your success. You should learn that there are a few changes in your life that you need to do so that your business can thrive. Let go of bad habits, be more organized, set your schedule so you won’t miss due dates for your business. If you can manage yourself, you can definitely manage a business.”
A. identifying and seizing opportunities
B. being disciplined
C. being creative and visionary
D. having determination and perseverance

8. Entrepreneurs have a multitude of tasks that they have to handle on their own, especially when their business is ____________.
A. new
B. established
C. bankrupt
D. none of the above

9. In order to keep the business running, an entrepreneur should be ____________.
A. all knowing
B. passionate
C. close-minded
D. pessimistic

10. As an entrepreneur, if you will not stop enhancing your personal entrepreneurial competencies, you will likely ____________.
A. fail
B. succeed
C. go bankrupt
D. be hated

11. How do you effectively show time management?
A. Being able to allocate whole day schedule effectively
B. Being on time
C. Being busy
D. Being efficient

12. How do you ensure safety at the workplace?
A. Putting others’ welfare ahead of your own
B. Being away from danger, risk, or injury
C. Covering your head for protection
D. Promoting peaceful atmosphere

13. It is a location where someone reports for a job. What do you call it?
A. venue
B. gathering
C. common place
D. workplace

14. Which of the following situations show punctuality?
A. You arrived 15 minutes early in a client’s meeting.
B. You submitted the needed report when it is asked from you
C. You reported to work on time
D. None of the above

15. What do you value if you always finish scheduled tasks for the day?
A. time is gold
B. efficiency
C. professionalism
D. obligation

16. What do you call someone who sells foods or services for a profit?
A. investor
B. politician
C. self-employed
D. entrepreneur

17. It is a place where a seller and a buyer meet.
A. plaza
B. market
C. along the street
D. municipal hall

18. There are two important things to consider when you produce or sell a product, what are they?
A. good location and marketplace
B. brand and price
C. quality and quantity
D. customer and demand

19. Why is it important to know your business’ strengths and weaknesses?
A. to have more suppliers
B. to have a loan from the bank
C. to continuously improve
D. to fulfill the mayor's requirement

20. What do you need to have to manage your business even if you are not in your store physically?
A. CCTV
B. record book
C. system
D. cashier

21. Juan is searching for a cheap gadget that he can use to supplement his studies that are held through distance learning. His friend, Pedro, told him to look for a good and affordable product online. Juan eventually purchased a gadget he saw online which is sold by a person named Maria. Considering this scenario, which of the following statements is/are correct?
A. Juan is a direct market player because he is the producer in the market system.
B. Maria is a supplier of supporting goods and services because she sold the gadget to Juan.
C. Pedro is a direct market player because without him, Maria would not have sold her product.
D. Both Maria and Juan are direct market players who completed the process of the market system.

22. Which of the following BEST describes ‘price’ of a particular product?
A. Price refers to the particular amount and currency that a buyer prepares in exchange of a prospective product.
B. Price can only be provided using the same currency as the one set by the seller for the exchange of product to be possible.
C. The exact amount of price must be prepared by a person to buy a product.
D. In instances when buyers bid for the product, the seller who prepares the higher amount can buy the product.

23. Disinfectants such as rubbing alcohols are widely used at home and in many places for the protection from infectious diseases. Your friend asked you to buy an alcohol prepared as a spray so you can bring and use it every day wherever you go. This is an example of:
A. Situational Factor
B. Personal Factor
C. Psychological Factor
D. Social Factor

24. You bought a new pair of shoes that you have long been wishing to have. This is an example of:
A. Situational Factor
B. Personal Factor
C. Psychological Factor
D. Social Factor

25. You went to the market to buy fruits for your family. Instead of buying various fruits, you only bought a dozen of apples because you found out that these are sold at an unusually low price. This is an example of:
A. Situational Factor
B. Personal Factor
C. Psychological Factor
D. Social Factor

26. Sustainable living is a way of life that focuses on reducing the harmful effects of our consumption and lifestyle on the environment. There are varied ways to reduce the harmful effects of our consumption. To follow this way, how do you call something that is done by finding new purposes for old items that you already have?
A. recycling
B. reusing
C. redoing
D. refusing

27. Allan is planning to buy a computer for his coffee shop business. This will serve as the storage of his data in his business transactions. He does not have enough money to buy the high specifications that he likes to have. Instead of buying the expensive one, he opted to purchase the one with low specifications but with the same quality. What means did he follow?
A. wants
B. desires
C. needs
D. likes

28. Dante desires to minimize his resource use at home and lessen his waste. He has accumulated sacks of plastic bottles due to his good appetite for beverages. What do you think Dante can do to maximize the use of those wastes?
A. Avoid storing plastic bottles.
B. Bury the bottles in the backyard.
C. Sell or donate the plastic bottles.
D. Throw them away.

29. Your mother is not feeling well; you are asked to buy food for your dinner. This is the first time that you will do this, your mother gave you money and the list of items that you will buy. What is the very first thing that you need to do?
A. Wear your favorite dress.
B. Go with your friends.
C. Go to the nearest store located in your place.
D. Consider which stores sell the items that you need to buy.

30. Every one of us has a responsibility in taking care of nature. Reducing and recycling are very important in keeping our environment clean and healthy. Which of the following does NOT show a best practice in keeping the environment healthy?
A. Avoid using plastic bags every Friday as part of your advocacy campaign.
B. Always buy things that are not important.
C. Recycle and reuse waste products.
D. Do composting at home.

31. Republic Act No. 7394 or “The Consumer Act of the Philippines” passed in 1992 aims to protect consumers against unfair treatment. Which right tells that the consumers should have the right to demand compensation if ever the goods and services they availed are different from the information given to them?
A. Right to consumer education
B. Right to basic needs
C. Right to redress
D. Right to representation

32. Mr. Cruz is watching television every day after his dinner. One day his son asked him, “Dad, why are advertisements and commercials on the television the same in different channels or stations”? Which of the following statements could Mr. Cruz use to respond to his son?
A. Because commercials on television are in contract.
B. Because commercials and advertisements on television are paid.
C. Because advertisements and commercials have time limits.
D. Because customers have the right to correct information about the products and services.

33. Mayla is an online seller. She always posts on her Facebook account the items that she is selling. One time she posts a pair of sleeping wear which is buy 1 take 1 for only 300 pesos, but she mentioned that the buyer is not allowed to choose a color and a design. What right of the customer is violated?
A. Right to safety
B. Right to choose
C. Right to consumer education
D. Right to basic needs

34. Mr. Paras handles his finances intelligently. He has enough knowledge regarding investments, stocks, bonds, mortgages, and financial concepts. He has all the skills in saving, planning, and investing. How will you describe Mr. Paras?
A. consumer literate
B. financially literate
C. selfish person
D. stingy person

35. Which of the four consumer rights provide correct information regarding their products and services?
A. Right to choose
B. Right to safety
C. Right to representation
D. Right to be informed

36. Before you make a good decision about your career choices, you need to __________.
A. consult your parents
B. consult your closest friend
C. consult your teacher
D. assess yourself/your goals

37. The following are some of the responsibilities of employers except __________.
A. giving their employees a safe workplace
B. giving their employees their salary and benefits
C. asking their sick employees to report to finish their work
D. giving their employees a prior written notice if their contract is about to end

38. The rights and the responsibilities of employers and employees vary based on __________.
A. the personal opinion of the employers
B. the interests of the employees
C. the labor laws of the country
D. all of the above

39. The following are some of the qualities and traits of a successful entrepreneur except being ________.
A. determined and persevering
B. easy-go-lucky and winsome
C. creative and visionary
D. disciplined and organized

40. “Bad days shouldn’t get in your way as they are part of your journey. Instead, you should keep your eye on your goal if you really want your business to succeed. No matter how difficult things may get, you should be strong enough to reach your goal.”
A. identifying and seizing opportunities
B. being disciplined
C. being creative and visionary
D. having determination and perseverance

41. What do you call a person’s behavior in the office and at home?
A. Obeying rules and regulations
B. Work Ethics
C. HR Policy
D. Promotion

42. What value do you possess if you are organized and liable in all things that you do?
A. Honesty
B. Avoiding Punishment
C. Accountability
D. Obedience

43. If you want to know your customer’s location, age group, occupation and income, what are you doing?
A. identifying potential customers
B. conducting a research
C. complying a requirement for business permit
D. collecting more friends

44. What question should you ask yourself if you want to start a business?
A. What are the people’s needs?
B. How much capital do I need?
C. Where will I put my business?
D. How much product will I sell?

45. Which of the following accurately describes a market system?
A. The market system process can happen through the internet where the buyer looks for products being sold at a convenient price.
B. A market system may involve successful interaction between two entities where one provides a product in exchange of money or another medium of exchange.
C. Either A or B
D. Neither A nor B

46. Market system involves completion of transaction between two players. Some markets are specific only to particular products which sell items to certain types of buyers.
A. The first statement is true. The second statement is false.
B. The first statement is false. The second statement is true.
C. Both statements are true.
D. Both statements are false.

47. Globally, 8 million metric tons of plastic trash leak into our spaces each year harming life, messing up the ocean and risking people’s livelihood. You learned that the government is limiting the use of plastics in your locality. How will you fully support this program?
A. Limit the use of plastic.
B. Avoid using plastic bottles and containers.
C. Collect littered plastics.
D. Use glasses in drinking and bring recyclable containers in purchasing market products.

48. Teacher Ria is a Science Teacher, her lesson is “Keeping Environment Healthy”. Which statement about keeping environment healthy is correct?
A. Reuse product that are still in good condition, be resourceful.
B. Donate the things that she does not need.
C. Make a garage sale to lessen her things.
D. Make a compost pit for garbage.

49. Which statement about advertisement is INCORRECT?
A. Advertisement aims to catch the attention of the people to buy the products.
B. Advertisement aims to create connection with customers to buy the products.
C. Advertisement aims to help different social media station to be popular as well as the artist.
D. Advertisements aims to promote their products to purchase the goods and services.

50. Businesses vary in the focus of their target clientele. Some businesses offer products and others offer services. How do you call an individual who patronizes business products and services?
A. clients
B. seller
C. consumers
D. buyers