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Applied Economics Exam 2
Applied Economics Exam 2
Name:____________________________________________________Section:________Score:________
1. A person who own the business , responsible for the success or future of their business, enjoy all
the business profit and a problem solver.
a. Entrepreneur* c. Employer
b. Proprietor d. Employee
2. A business that composing less than 100 employees and have turnover of less than 150 million
per annum.
a. Corporation c. partnership
b. Small business* d. incorporation
3. A person who are not responsible for the turnout of the business venture, expecting that
management will solve the existing problem of the business.
a. Employee* c. Employer
b. Entrepreneur d. Manager
4. Is the buying of a product at wholesaler price and then selling it double of the wholesale price.
a. Keystoning* c. market
b. Venture d. Profit
5. A problem of the business in which they are losing money
a. Insolvency c. holiday
b. Bankruptcy d. lumpsum
6. A small business that originates as an idea in the mind of an entrepreneur.
a. Proprietor c. Ventures*
b. Market plan d. business plan
7. The money that you make is more than what you use to pay the bills.
a. Profit* c. Income
b. Asset d. liabilities
8. Someone who earns a living by working in a particular business.
a. Employee* c. manager
b. Profession d. Supervisor
9. The ability to convince people to see your point of view and get them interested in your ideas.
a. Persuasiveness* c. Risk taker
b. Appeal d. Guessing
10. Refers to the amount of money to which an investment will grow over a finite period of time at a
A given interest rate.
a. Future value* c. Money value
b. Time value d. investment value
11. The branch of economics that deals with the exchange of goods and services with foreign
countries
a. International barrier c. Applied economics
b. International trade* d. Asean
12. Is the portion of current income not spent in consumption?
a. Savings* c. Money
b. Investment d. budget
13. Purchasing of assets with the goal of increasing future income.
a. Stock exchange c. Investor
b. Investment* d. Credits
14. The ability of an investment to be converted into cash quickly without losing its value
a. Owning c. Selling
b. Liquidity* d. Return
15. The courage to expose oneself to possible loss
a. Risk taking* c. braveness
b. Risk d. accepting
16. The ability to see the end results of your goal while working to achieve them.
a. Mission c. Goal
b. Vission* d. planning
17. It is the refusal to quit, willingness to keep goals in sight and work towards them despite obstacles
a. Persuasiveness c. Organization
b. Perseverance d. bidden
18. A belief that you can do what you set out to do.
a. Coincidence c. Optimistic
b. Confidence* d. Discipline
19. Tax on goods that is being shipped internationally
a. Poll tax c. Import tax
b. Tariff* d. Export tax
20. The profit or yield from an investment.
a. Return* c. Interest
b. Change d. Compound interest
21. The desire to work in hand to accomplish ones goal.
a. Wants c. Accomplishment
b. Desire* d. Seriousness
22. The ability to cope with changing situation in the business
a. Adaptability* c. Acceptance
b. Honesty d. Ideal
23. The willingness to compete and test oneself against others
a. Self- competiveness c. Rivalry
b. Competiveness d. Feud
24. Global international organization dealing with the rules of trade between nations.
a. WTO* c. BTS
b. OTW d. CBN
25. Philippine permanent representative to the world trade organization that appointed by President
Aquino.
a. Thomas Tuazon c. Ricardo Dalisay jr
b. Berna Tuazon d. Esteban B. Conejos jr.
26. What is the relationship between risk and return?
a. High risk will result to high return*
b. Low risk will result to high return
c. No return will result to high risk
d. More return less risk
27. The following are key for the business to succeed except;
a. By low c. Keep good records
b. Sell high d. Train more people
28. The primary cause of small business failures is,
a. lack of capital
b. management incompetence*
c. poor location
d. improper inventory control
29. The primary purpose of a business plan is to
a. attract lenders and investors.
b. enable an entrepreneur to take his or her company public.
c. guide a company by plotting a strategy for its success. *
d. meet SEC and other legal requirements designed to protect lenders and investors.
30. Define a company's overall direction and answer the fundamental question, "Why am I in
business"?
a. Goals
b. Strategies*
c. Objectives
d. Key performance factors
47. Investors in the Philippines is declining, the following are the reason except:
a. Security of investors
b. High performance of workers
c. Adaptation
d. Poverty
48. Based on the survey people who are interested in investment are the businessman and rich people.
Why is it that in the lower class they are not considering this kind of opportunities?
a. Lack of capital
b. Lack of knowledge
c. Lack of power
d. All of the above
49. Mr. LO LUNG is experiencing an increase of loss in his business because of the law, that
mandating all the business establishment to lessen their contractual workers or stop
contractualization.If you are in his place what action will you make to solve the said problem?
a. Layoff some of your workers
b. Stop the business
c. Hire another workers
d. Temporarily close your business
50. If a country were to join a free trade area, its business sector would gain because:
a. It could get tariff-free raw materials from countries inside the free trade area.*
b. There would be exchange rate stability between the member countries.
c. Prices of competitors from countries not in the free trade area would rise.
d. There would be fewer barriers to establishing subsidiaries in other countries in the free
trade area.
Prepared by:
SANSON P. OROZCO
Teacher
APPROVED BY:
ELEANOR P.
TALAY
School Head