HOLY CROSS OF DAVAOCOLLEGE Sta.

Ana Avenue, Davao City Fin 1a Final Examination Permit No:____________Date Course & Year:

Name: Instructor:

I. MULTIPLE CHOICE: Write the letter which corresponds to your answer on the space provided before the number. ______ 1. Business may classified be according to size, a. Macro and Micro firms c. Proprietorship, Partnership& Corp. b. Small, Medium & Large d. SWOT Analysis

_______ 2 . A legal form of business that need to register to the CDA, a. Cooperative c. Partnership b. Corporation d. Sole Proprietorship _______ 3.A businessmen going to register the name of his business to this agency a. Security & Exchange Commission c. BIR b. SSS d. DOLE ________4.Business operated and owned by a single person. a. Cooperative c. Partnership b. Corporation d. Sole Proprietorship ________5. The corporation has this legal functions, except one a. has legal rights & responsibilities c. can enter into contracts b. can sue and be sued in court d. cant dispose property ________ 6. Register your business to this agency in relation to social benefits a. Bureau of Internal Revenue c. Dept. of Labor & Employment b. Securities & Exchange Commission d. Social Security System ________ 7.The first cooperative a. Consumer cooperative c. Lending Cooperative b. Customer cooperative d. Cooperative Development Authority _________8. In cooperative, a number of employees to be hired for day to day operation, a. Manager c. Chairman b. Bookkeeper d. Manager & Bookkeeper ________ 9.Business play an important role in the development of the economy, except one a. generates employment c. provides economic opportunities b. provide products for consumers d. lessen enterprenership ________ 10. As a legal person, it has the legal rights and responsibilities, a. Cooperative c. consumer cooperative b. Partnership d. Sole Proprietorship ________ 11.In cooperative, a set of officers elected known as a. Manager & Bookkeeper c. Chairman b. Board of Directors d. President

________ 12.The documents needed in registering with the Cooperative Development Authority. a. Articles of Cooperation c. Articles of Corporation and By-laws b. Articles of Cooperation and By-laws d. Articles of Partnership ________ 13. A business should forecasted sales and expenses for at least, a. the previous c. the first one year b. the current year d. the first three years ________ 14. __Businesses register in this agency for purposes of taxation. a. Department of Internal Revenue c. Securities and Exchange Commission b. Bureau of Internal Revenue d. Local Government Unit ________ 15. In starting a business, Entrepreneur identifies the needs of SWOT analysis which means a. internal & external environment b. positive & negative aspects c. MACRO & MICRO d. Strengths ,weakness, opportunities and threat ________ 16.The kind of business similar to Sole Proprietorship? a. Partner c. Cooperative b. Corporation d. Partnership _________17.Which of the following refers to a document containing a written summary of ventures its operational, financials details & its managers, skills and abilities a. Marketing plan c. Production Plan b.Business Plan d. Financial Plan _________18.A group of enterprise made up of producers, traders and consumers a. Cooperative c. Corporation b. Partnership d. Sole Proprietorship ________ 19.The ownership of a corporation is divided into units known as a. Dividends c. Share of Stocks b. Stockholders d. non-stock savings and loan association ________ 20. Determines the potential investment commitment whether the business is economically feasible. a. Financial Plan c. Business Plan b. Marketing Plan d. Evaluation Plan 11.MODIFIEDTRUE OR FALSE. Instruction. Write the word TRUE if the statement is correct and FALSEif the statement is wrong. Write also PROS for advantage and CONS for disadvantage beside your true or false answer. (2 points each) True/False Pros or Cons 1. 2. 3 4. 5. 6. 7. 8. 9. 10.

Decision-making is entirely to the owner for sole proprietorship. In corporation, the death of one owner dissolves the business. Partnership has to pay double taxation. Dissolution is only happen to partnership. The life of a corporation ends with the death of a stockholder. In cooperative, more people benefits from profit. Property invested becomes the join property of all in corporation Ideas and decisions made have to be accepted by the general membership in partnership. Capital and resources is limited in corporation. Losses and profits are shared among in the partnership.

111.IDENTIFICATION: Identify the correct answer of the following statements from the given possible answers. Write your answer on the space provided before each statement. (10) Possible answers: (Use letters only as shown) A. Availability of Market F. Strategic Fit B. Availability of Materials G. Ease of Implementation C. Availability of Technology H. Risk Exposure D. Availability of Skills I. Profitability E. Government Priority G. Cost & Benefit Analysis ____________1. The project receives incentives from government ____________2. The product or service can be copied or imitated if found profitable ____________3. The proposed business provides sufficient benefits to the community ____________4. Proposed projects fits within the competence & expertise of the Entrepreneur ____________5.Projects can be implement because inputs are readily available ___________6.Has significant uniqueness or unique selling features (USF) ___________ 7. Raw materials are available ___________ 8. Technologies used have been proven ___________ 9.Supply of skills is relatively steady and stable ___________ 10. There is reliability of supply local or imported source

TEST 111 PROBLEM SOLVING. Analyze and answer the given business transaction (15 points) Relationship between Sales Revenue and Profit. The LRJM Brothers is a dealer of buy and sell in Davao City. For the past three years of their business, they have the operating results as shown below. INSTRUCTION: FILL IN THE BLANKS 2009 Sales Revenue Expenses Profit Php889,785.15 ____________ Php 588,988.10 2008 _____________ 689,768.17 851,738.90 2007 Php 79,888.78 585,329.98 _____________

Good Luck and God Bless! Maam Colay