I. Write PACKAGING if the statement is correct and if it is incorrect write the CORRECT
WORD before each number.
____________1. Computing income from sale is important because it indicate whether the business
is profitable.
____________2. Sales is the amount gained from the sales of products or services after deducting
the amount spent in as capital and operational expenses.
____________3. Profit is the exchange of commodity, product and services for money.
____________4. Expenses are the money spent on the product including the labor, transportation,
utilities, packaging, promotion on the product and others.
____________5. Labelling is attaching a piece of paper, fabric, plastic or sticker to a product that
gives information about the product.
____________6. Functions and importance of packaging and labelling: promotes the product, define
the product identity, provides information, expresses customer needs and protects
the product.
____________7. Electricity is one of the most important things in the lives of people.
____________8. Do not dare to repair anything if you don’t have the knowledge or skill in doing it.
____________9. Always use damaged insulation or broken plugs.
____________10. Insert pieces of metal like coins inside a fuse box.

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