EASTWOODS Professional College of Science and Technology

First Semester
Academic Year 2019- 2020
BASIC FINANCE

I. Identification: Identify the correct answer. 2pts each

1. ______________ Finance that involves a third party like intermediaries.

2. ______________ Type of finance undertaken by the government.
3. ______________ Type of business with one owner.
4. ______________ Refers to finance conducted by individuals/consumers.
5. ______________ Lawful economic activity to gain profit.
6. ______________ Efficiency plus effectiveness
7. ______________ Type of business with two or more owners who agree to contribute money, property or industry.
8. ______________ Type of business engaged in business like massage, repair shop, salon and medical clinics.
9. ______________ Type of business which involves buying raw materials and converting the same into finished
products.
10. ______________ Companies that build roads, bridges, houses and other infrastructure.
11. ______________ Businesses engaged in extracting natural resources.
12. ______________ Finance dealt with by charitable organizations.
13. ______________ Businesses involved in the reproduction of plants and animals.
14. ______________ Involves direct borrowing.
15. ______________ Deals with institutions involved in lending and borrowing.
16. ______________ Who is the person in 20 peso note?
17. ______________ Who is the person in 100 peso note?
18. ______________ What place is at the back of 200 peso note?
19. ______________ What place is at the back of 50 peso note?
20. ______________ What place is at the back of 500 peso note?

II. Identify the business below if it is (Services, Trading or Merchandising, Manufacturing, Banking and Finance,
Mining Companies, Construction Companies and Genetic Industries.)

1. Sunlife 9. David Salon

2. Blue Circle Builders 10. San Miguel Brewery
3. 7/Eleven 11. Timezone
4. Kubota Agro Industrial Machinery 12. Generics Pharmacy
5. BDO 13. RCBC
6. St. Joseph Hospital 14. Essilor
7. Puregold 15. Petron Refinery
8. Berong Nickel Corp.

III. Enumeration:

1-3. Basic Types of business organization according to nature or purpose

4-6. Basic types of business organization according to ownership
7-13. Qualities of a good money
14-18. Give at least five bank note security features
19-25. Disadvantages of sole proprietorship

IV. Essay: 10 pts. Each

1. If you are going to put up your own business what would it be and why?
2. What is the advantage of borrowing money?

“One who is faithful in a very little is also faithful in much, and one who is dishonest in a very little is also dishonest in much.
Luke 16:10

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