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    2nd Summative Test Epp 6 1st QTR

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    jhnnah olny
    1. The document contains a 25-item summative test on buying and selling products based on consumer needs and demands. 2. Questions 1-15 assess identifying consumer needs, wants, demands and Abraham Maslow's hierarchy of needs. 3. Questions 16-20 require labeling statements about buyers and sellers as agree or disagree. 4. Questions 21-25 involve computing total costs, markup price, and selling price of a product.

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    2nd Summative Test Epp 6 1st QTR

    Uploaded by

    jhnnah olny
    116 views3 pages
    1. The document contains a 25-item summative test on buying and selling products based on consumer needs and demands. 2. Questions 1-15 assess identifying consumer needs, wants, demands and Abraham Maslow's hierarchy of needs. 3. Questions 16-20 require labeling statements about buyers and sellers as agree or disagree. 4. Questions 21-25 involve computing total costs, markup price, and selling price of a product.

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    1. The document contains a 25-item summative test on buying and selling products based on consumer needs and demands. 2. Questions 1-15 assess identifying consumer needs, wants, demands and Abraham Maslow's hierarchy of needs. 3. Questions 16-20 require labeling statements about buyers and sellers as agree or disagree. 4. Questions 21-25 involve computing total costs, markup price, and selling price of a product.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    116 views3 pages

    2nd Summative Test Epp 6 1st QTR

    Uploaded by

    jhnnah olny
    1. The document contains a 25-item summative test on buying and selling products based on consumer needs and demands. 2. Questions 1-15 assess identifying consumer needs, wants, demands and Abraham Maslow's hierarchy of needs. 3. Questions 16-20 require labeling statements about buyers and sellers as agree or disagree. 4. Questions 21-25 involve computing total costs, markup price, and selling price of a product.

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    Quirino Elementary School

    Second Summative Test in EPP 6


    1st Quarter

    A.Encircle the letter of the correct answer


    1. These are goods or services that people desire or wish to have.
    a. needs b. wants c. demands d. social needs
    2. These are the things needed to survive such s food, water and shelter
    a. social needs b. security needs esteem needs d. psychological needs
    3. This involves all communication between the buyer and the seller that aim to induce behavioral change
    a. marketing b. demands c. self-actualization d. hierarchy of needs
    4. The amount of interest to a given product that consumers are willing to buy at given price and period
    a. wants b. meeds c. esteem d. demands
    5. This is the need fot personal awareness and has less concern with the opinion of others.
    Esteem needs b. security nedds c. self-actualization d. physiological needs

    B. Give (5) five products or services that the current needs or demands in your school or community

    6._____________

    7._____________

    8._____________

    9._____________

    10._____________

    C. Label the pyramid of Abraham Maslow Hierarchy of needs (11-15)

    11.

    12

    13

    14

    15
    D. Write AGREE on the line if the statement is correct and DISAGREE of the statement is incorrect

    ___________16. Buyers are persons who agree to purchases finished product or services.
    ___________17. Sellers should not provide warranty for the products that they will sell.
    ___________18. Seller are persons who transfer goods and provide services in exchange for money.
    ___________19. Sellers should make business fairly with buyers.
    ___________20. Providing warranty to butyers is a right of all the sellers.

    E. Analyze and Solve ( 5 points )


    Compute for all the expenses acquired in making the product

    Total Cost of materials 88.00


    Labor cost + 30.00
    Subtotal ________

    Compute for the markup price


    Subtotal ________
    Markup (15%) X 0.15
    Markup price ________

    Add Computed markup price on the total of expenses

    Subtotal _________
    Markup price _________
    Selling Price _________
    1st Quarter
    EPP 6
    Table of Specification

    Objectives Number of Items Place of Items

    Buying and selling products based on needs 15 1-15


    and demands in school and community
    Identifying buyers and sellers 5 16-20

    Costing and computing for the selling price 5 21-25

    TOTAL 20

    RUBRICS (4 is the highest and 1 is the lowest rate)


    CRITERIA 4 3 2 1
    The student
    identify the needs
    and demands of
    consumers
    The students were
    able to identify the
    needs and
    demands in school
    or community
    Student were able
    compute and
    solve for the
    selling price of a
    product

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