TV. SUMMATIVE EVALUATION A Directions: Encircle the letter of the correct answer on your answer sheets 1. A source of supply, support, or aid, especially one that can be readily drawn upon when needed A Management B. Resources C. Salary D Money 2. The wise use of means to accomplish or achieve one's purpose B. Energy B. Resources C Time D. Management 3. An example of material resources is. A Energy B. Time C House and Lot D. Talents 4 It is in the category of non-material resources. It is short and once lost, cannot be regained A Energy B. Time C. Work D Savings 5. It is a resource that comes from within the people. It includes skills, knowledge, talents. etc. A Human resources B. Material resources C. Non-material resources D Cultural resources 6. These are the things we do not really need but would like to have C Needs B. Wants D Foods A Money 7. These are the factors that need to be considered when budgeting, except for one. What is it? B. Family income A Size of the family D. Friends C. Talents and abilities of each member 8. These are the social obligations, needs, wherein a person is obligated to have or perform to be part of a group A wants B. Needs Social needs D Budget 9. Something that a person must have in order to live B Wants A Needs D Foods C. Money 10. It is a current medium of exchange in the form of coins and banknotes B. Income A Money D. Cheque C. Salary
