Republic of the Philippines, Department of Education, Region IV-A CALABARZON, Division of Quezon

LOPEZ NATIONAL COMPREHENSIVE HIGH SCHOOL

Maharlika Highway, Brgy. Magsaysay, Lopez, Quezon
email ad: sdo.quezon.lopeznchs@gmail.com

TABLE OF SPECIFICATION
Applied Economics G12
ABM Aguinaldo, Del Pilar, Jaena, Quezon
Final Examination
S.Y. 2019 - 2020
DIFFICULT

ITEMSNUMBER OF
EASY AVERAGE

DAYSNUMBER OF

PERCENTAGE
60% 30% 10%

REMEMBERING

UNDERSTANDING
TOPICS/CONTENT LEARNING COMPETENCY

EVALUATING
ANALYZING
APPLYING

CREATING
Industry and Environmental Identify and explain
Analysis: different principles, tools 6 20% 8 3 1 3 2
Business opportunities and techniques in 1,2,3 4 21, 27,2
Identification creating a business. 25, 8
26
Distinguish the different
services/ product of 6 20% 8 2 1 2 2 1
business and industry in 5,6 7 8,9 29,3 31
the locality 0
Socioeconomic impact Identify and explain the
study various socioeconomics 6 20% 8 2 2 2 1 1
factors affecting 10,11 12,1 14,1 32 33
A. Consumer business and industry 3 5
B. Suppliers-investors Analyze and evaluate
C. Government the viability of a business 6 20% 8 3 2 1 1 2
D. Household and its impact on the 16,17 19,2 34 34 37,38
International trade community ,18 0

Formulate
recommendations and
strategies on how to 6 20% 8 1 2 1 1 1 2
minimize and maximize 22 23,2 36 37 38 39, 40
a business negative 4
impact and positive
impact respectively.
24 12
TOTAL 40 100% 4
40 11 5 8 7 5

Prepared by:

FELECIDAD ADELINE P. LLAGUNO

SHS Teacher III

Noted :

SIONY A. GABOTERO, Ed.D, Ph.D

Secondary School Principal IV
 Republic of the Philippines, Department of Education, Region IV-A CALABARZON, Division of Quezon
LOPEZ NATIONAL COMPREHENSIVE HIGH SCHOOL
Maharlika Highway, Brgy. Magsaysay, Lopez, Quezon
email ad: sdo.quezon.lopeznchs@gmail.com

Final Examination Applied Economics G12

ABM Aguinaldo, Del Pilar, Jaena, Quezon

Name ________________________________________ Date __________________ Section ____________________

1. CHOOSE THE LETTER OF THE CORRECT ANSWER.
_____1. Total receipts from sales of a given quantity of goods and services.
a. marginal revenue b. marginal cost c. total revenue d. total cost
_____2. A theoretical construct in which only one company may offer product and services to the public marginal revenue
a. monopolistic market b. oligopolistic market c. free market d. market structure
____ 3. Refers to the number of sellers and buyers in the market.
a. market power b. market concentration c. public market d. market structure
_____ 4. This element refers to the unevenness in the distribution of information among the actors in the market.
a. perfect information b. information c. very limited information d. limited information
_____5. Refer to the requirements for a large production plants for a feasible operation in the industry
a. scale barrier b. legal barriers c. barrier to entry d. market barrier
_____6. An American Academic known for his five forces of competitive position, theories in economics and business strategies.
a. David Porter b. Michael Porter c. Lewis Hook d. Lee Minh
_____7. Rivalry in which every seller tries to get what other sellers are seeking at the same time: sales, profit and market share
by offering the best practicable combination of price, quality and service
a. monopoly b. dopoly c. competition d. oligopoly
_____8. A market structure where there is a single buyer, the sole buyer can have a huge bargaining power on the seller in the
industry. a. oligopoly b. oligopsony c. monopoly d. monopsony
_____9. A rapidly growing economy and have positive effects on various industries and sectors
a. national economy b. vibrant economy c. lethargic d. local economy
_____10. It is considered as parameter to be managed in any business venture, an agency tasked to stabilize the economy
and promote its growth. a. national industry b. government c. family d. schools
_____11. The study of changes such as birth rate, death rate, marriage that occur over the period of time in human population.
a. social change b. technological development c. demographic change d. social change
_____12. The monitoring, evaluation and disseminating of information from the external and internal environment to key people
within the information
a. environmental uncertainly b. degree of complexity c. environmental scanning d. SWOT analysis
_____13. A study undertaken by an organization to identify its internal strengths and weakness as well as its external opportunity and
threats. a. Profitability of the industry b. Macro – economics policies c. Government Regulations d. SWOT Analysis
_____14. The science and art of cultivating plants and producing livestock, an important component of Philippine economy.
a. Business Sector b. Industrial Sector c. Retail Services d. Agriculture
_____15. Used in the production process to produce output – that is finished goods and services.
a. Factor inputs b. Intermediate input c. Final goods d. Intermediate goods
_____16. A products used to produce a final good or finished product.
a. Intermediate goods b. Final goods c. Factor input d. Intermediate input
_____17. Any commodity that is produced or consumed by the consumer to satisfy current wants and needs.
a. Final goods b. Factor inputs c. Intermediate goods d. Intermediate input
_____18. The minimum amount of remuneration that an employer is required to pay wage earners for the work performed
during a given period. a. market rate b. minimum wage c. maximum income d. salary
_____ 19. An input of a business enterprise can affect households as consumers of those goods and services.
a. Output as final inputs b. Personal consumption c. Export d. Investment
_____20. Goods and services produced in one country and purchased by another country and its one component of
international trade.
a. import b. investment c. export d. government consumption
_____21. Intended for the creation of new commodities beyond primary agricultural produce.
a.services b. Agriculture c. abattoir d. manufacturer
_____22. An intermediate goods used in the primary production or manufacturing of goods.
a. raw materials b. input c. output d. processed materials
_____23. The revenue earned after all expenses have been paid.
a. income b. viability c. profit d. source
_____24. An compulsory contribution to state revenue, leveled by the government on workers income and profits or added to
the cost of some goods, services and transactions.
a. tariff b. taxes c. toll d. excise
II. Matching type: Match Column A with the correct answer on Column B, Write the letter of the correct answer on the blank for.
A B
_____25. Refers to the proprietary rights and their corresponding legal a. Lethargic economy
protection extended to existing market players in the production of a product
and services.
_____26. Characterized by very slow economic growth, huge unemployment b. Opportunities
and depressed demand.
_____27. The highly speed transformation in ICT enabled consumers to have c. Ripple effects
access to several commodities and services globally.
_____28. It involves alteration of the Social order of the society. d. Strength
_____29. There are internal characteristics of firms or industry that can
contribute directly the profitability of firms and the industry. e. Technological Development
_____30. Internal characteristics of firms or industry, they mitigate the
profitability of firms and industry. f. Legal Barriers
_____31. Refers to ability of a business firms to create a market niche through
several means of varying its products and services. g. Threats
_____32. A market form with limited competition in which a few producers
control the majority of the market share and typically produce similar or
homogenous products h. Spillover Effects
_____33. A spreading pervasive and usually unintentional effect or influence. i. Social change
_____34. An economic event in one context that occur because of something
else in a seemingly unrelated context j. Oligopoly
_____35. There are undesirable impacts of internal factors because they can
potentially of firms in the industry. k. Product Differentiation
_____36. Positive impacts of various external environments on the profitability
of an industry, it can contribute in enhancing the profitability of an industry. l. Weakness
III. 37 – 40 Directions: Explain each questions, before you begin writing read the question carefully and plan what will you say.
37 – 38. What is the significance of an increasing number of families receiving remittances on the profitability of restaurants?

39 -40 Formulate recommendations and strategies on how to increase Minimum wage and Market rate.

Prepared by:

FELECIDAD ADELINE P. LLAGUNO

Subject Teacher