T.L.

E HOME ECONAMICS 6
1ST SUMMATIVE TEST
2ND QUARTER

NAME: _____________________________________________ SCORE: __________

I. A. Identify the types of resources listed below. Write HR for Human Resources, MR for Material Resources and NR for
Nonmaterial Resources.

_________11. talents and skills

_________12. sand used to make glass
_________13. experiences
_________14. mental alertness
_________15. Health
B. Identify the basic needs of a family. Choose the correct answer from the box below.

_________ 16.
_________17.
_________ 18.
_________19.
_________ 20.
 II. A. Directions: The following scrambled letters are sources of family income. Arrange the letter to form a new word. Write
your answer in the space provided.
21. NCMEOI - _________________________
22. ISUNCNERA - _________________________
23. NNPESIO - _________________________
24. NIOMMICOSS - _________________________
25. SAALYR - _________________________
26. VCERSISE - _________________________
27. SSSUBINE - _________________________
28. TIFROP - _________________________
29. EEFS - _________________________
30. BNUOS - _________________________
B. Directions: Study and analyze each sentence. Copy and box the correct answer.
31. It is a financial gain earned from operating a business. (profit, salary, bonus)
32. It is fixed regular payment typically paid on daily, monthly or biweekly basis. (commission, salary, pension)
33. It is a payment made during a person’s retirement as a government/ private employee during his/her working days.
(pension, salary, profit)
34. It is the amount of money given as addition to a regular income or as reward for good performance. (bonus, profit, wage)
35. It is an incentive pay to certain individual from insurance, selling real estate, appliances and educational plans.
(commission, wage, profit)
III. Answer the following situations below. Write the answer on a separate sheet of paper. Adopt the 70–20–10 principle of
budgeting for the following families. Show the recommended breakdown of their expenses.