Republic of the Philippines

Department of Education
REGION IV-A CALABARZON
Schools Division of Quezon
SAN ROQUE NATIONAL HIGH SCHOOL
Catanauan, Quezon

Applied Economics
Pre-test

1. A person who owns the business, responsible for the success or future of the business, enjoy all the
business profits and a problem solver.
A. Proprietor B. Entrepreneur C. Employer D. Employee

2. A small business that originates idea in the mind of an entrepreneur.

A. Proprietor B. Market plan C. Ventures D. business plan

3. A problem of the business in which they are losing money

A. Insolvency B. Bankruptcy C. Holiday D. Lumpsum

4. The money that you make is more than what you use to pay the bills.
A. Income B. Asset C. Profit D. Liabilities

5. Is the portion of current income not spent in consumption?

A. Savings B. Investment C. Money D. Budget

6. The ability of an investment to be converted into cash quickly without losing its value.
A. Owning B. Liquidity C. Selling D. Return

7. Refers to the amount of money to which an investment will grow over a finite period of time at a
given interest rate.
A. Money value B. Time value C. Future value D. Investment
value

8. Purchasing of assets with the goal of increasing future income.

A. Stock exchange B. Credits C. Investor D. Investment

9. The courage to expose oneself to possible loss

A. Risk taking B. Risk C. Braveness D.
Accepting

10. The ability to see the end results of your goal while working to achieve them.
A. Mission B. Vision C. Goal D. Planning

11. It is the refusal to quit, willingness to keep goals in sight and work towards them despite obstacles.
A. Persuasiveness B. Perseverance C. Confidence D. Discipline

12. The ability to cope with changing situation in the business

A. Acceptance B. Honesty C. Adaptability D. Ideal

13. The profit or yield from an investment.

A. Return B. Change C. Interest D. Debit
14. 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.

15. Product planning tells you:

A. Cost to produce your product C. Your Net profit
B. Where you will produce your product D. Total revenues

16. What can a company do to achieve stellar customer service and satisfaction?
A. Listen to customers with the help of suggestion boxes, focus groups, surveys, and other tools.
B. Define what "superior service" means so that customers and employees know exactly what to
expect and what to provide.
C. Hire friendly, courteous sales and service representatives.
D. All of the above.

17. You can always make more money but you cannot make more time. What does it implies?
A. Time is gold. C. Time management
B. Grab the opportunity. D. Time is not enough to create money

18. Is there any advantage in a country if they have delegates or representative in the World trade
Organization?
A. Yes, it can promotes a good relationship to other country
B. Yes, country will be updated in all means
C. No, it’s just a waste of time
D. No, it creates a disadvantage on their part
19. Investors in the Philippines is declining, the following are the reason except:
A. Security of investors C. Adaptation
B. High performance of workers D. Poverty

20. How can a tariff be considered a barrier?

A. It decreases the customers. C. It increases the prices of the products.
B. It creates defects to the products. D. It lessen the prices of the products.