Name: _________________________ Grade & Section :_________________ Score:________

Final Term- Summative Exam

Directions. Read the test items carefully and encircle the letter of your choice that best answers the statement.

1. It is an analytical framework that can help a company meet its challenges and identify new markets.
A. SWOT Analysis C. Industry Analysis
B. PEST Analysis D. Market Analysis
2. In acronym for political, economic, social, and technological- external factors that commonly affect business activities
and performance.
A. SWOT Analysis C. Industry Anaysis
B. PEST Analysis D. Market Analysis
3. This factor includes government policies, laws and legalities.
A. Economic factors C. Financial factors
B. Political factors D. Social factors
4. These are factors that are concerned with the financial policies, financial positions and capital structure that also affect
business performance and strategies.
A. Economic factors C. Financial factors
B. Political factors D. Social factors
5. The following statements are the impact of the businesses to the government, except:
A. Businesses conduct projects like tree planting and housing
B. Employees hired by the businesses pay personal income taxes to BIR
C. Tax are imposed on the incomes of the business
D. The benefit provided by businesses through the payments of taxes
6. Provide permits, security, and protection policy to businesses in exchange for taxes paid for the economy.
A. Community C. Government
B.Household D. Investors
7. The following are examples of positive impact of business to the society, except:
A. Construction of infrastructure like roads that have positive effect on the neighboring communities and where other
business enterprise may be encouraged to establish their presence nearby to cater the needs of the community.
B. Sourcing labor services, technical professionals, and managers in huge plantations and mining companies may
opt to build communities within their business complex that has educational, health, social, and cultural religious
facilities.
C. The impact of the sales of firm of its outputs to other firms as intermediate inputs and as capital goods. These
repeated transactions of constant sales contribute to the strengthening of the integration of the economy.
D. Using non-renewable raw materials like oil and minerals have high environmental costs.
8. These factors occur within the premises of an organization and directly affect the operation of the business.
A. Internal factors C. External factors
B. Political factors D. Social factors
9. This includes the society together with its preference, priorities, pattern of beliefs, purchasing power, educational
background, and others.
A. Internal factor C. External factor
B. Political factor D. Social factor
10. Business activities operating in one’s own country and is affected by the economic, legal, and cultural factors of the
nation.
A. International business C. Domestic facility
B. Domestic policy D. Local/Domestic business

11. The exchange of goods and services between countries is called ____________.
A. Agribusiness C. Retail Industry
B. International Trade D. Wholesale
12. It is the process of raw materials into finished goods through the use of tools and processes.

A. Agribusiness C. Service
B. Manufacturing D. Retail
13. Which of the following statement is correct?

A. A product that is sold to global market is an import.

B. Export is an international trade whereby the goods/services are brought into one country from another.
C. Import is an international trade whereby goods produced in one country are shipped to another country for future
sale or trade.
D. International trade gives countries the opportunity to be exposed to goods and services not available in their own
countries.
14. It refers to the exchange of goods and services between countries.

A. Exporting Goods C. International Trade

B. Importing Services D. National Economic Trading
15. It is an organization of people where goods and services are exchanged for one another or for money.
A. Business C. Commodities
B. Partnership D. Services
16. A type of business which provides intangible products to the customers.
A. Hybrid business C. Manufacturing business
 B. Merchandising business D. Service business
17. A type of business where they buy products or raw materials for the purpose of transforming it into finished product to
be sold to the customers.
A. Service business C. Manufacturing business
B. Merchandising business D. Hybrid business
18. This business is also known as “buying and selling” business.
A. Service business C. Manufacturing business
B. Merchandising business D. Hybrid business
19. An industry that produces value that is primarily intangible such as advice, consultation, customer service, knowledge,
management, data and experiences.
A. Service business C. Manufacturing business
B. Merchandising business D. Hybrid business
20. It relates to industries that are engaged in farming or that produce farm inputs.
A. Agribusiness C. Retail
B. Service D. Manufacturing
II. Directions. Write TRUE in the space provided if the statement is correct and FALSE if incorrect.

_______ 1. A market is a mechanism of interaction between buyers and sellers for trade or exchange. The consumer sells
and the seller buys.
_______ 2. The market equilibrium for a commodity is determined by the balancing forces of the demand and supply of
the commodity.
_______ 3. Another term used for equilibrium is stable.
_______ 4. The consumers’ income does not influence the demand for goods and services. The increase in demand due
to an increase in income is not experienced in the economy.
_______ 5. When the income of the consumer increases it can shift the demand curve upward to the right representing
increase in demand.
_______ 6. In a market equilibrium, a higher price will result to constant demand.
_______ 7. The ceteris paribus assumes that price factor is not constant.
_______ 8. The law of supply and demand states that when supply is greater than
demand, price decreases. When demand is greater than supply, price increases. When supply is equal to
demand, price remains constant.
_______ 9. Surplus is an excess of supply over the demand for a good.
_______ 10. Price ceiling is a minimum limit beyond which the price of a commodity is not allowed to fall.
_______ 11. Pure monopoly exists when a single firm is the sole producer of a product or a service for which there are no
close substitutes.
_______ 12. In oligopoly there are many sellers acting independently.
_______ 13. Competition is rivalry among various sellers in the market.
_______ 14. Perfect competition refers to the competitive environment in which buyers and sellers operate.
_______ 15. The market is a situation of diffused, impersonal competition among sellers who compete to sell their goods
and among buyers who use their purchasing power to acquire the available goods in the market.
_______ 16. Technology is one of the determinants of market structure.
_______ 17. Having economic freedom may also mean firms can compete with one another.
_______ 18. Oligopoly is a market dominated by a small number of strategically interacting firms.
_______ 19. In monopoly it is very hard for new firms to enter the market.
_______ 20. Monopolistic competition means there is almost a large number of small sellers selling goods which are
similar but not the same
III. Enumeration.
List down the acronym of the following
1. SWOT-1. 2.
3. 4.
2. PEST- 5. 6.
7. 8.

Prepared by:

ROSELYN B. LLEMIT
Subject Teacher