Republic of the Philippines

Department of Education
Region III
SCHOOLS DIVISION OF ZAMBALES
Zone 6, Iba, Zambales
Tel./Fax No. (047) 602 1391
E-mail Address: zambales@deped.gov.ph
website: www.depedzambales.ph

Name: __________________________________ Grade/Section__________

School: _________________________________ Date: __________________

APPLIED ECONOMICS
GRADE 12
SUMMATIVE EXAMINATION 7-8
WEEK 7-8

I. Multiple Choice: Directions: Choose the letter that corresponds to the best answer. Write
your answer in CAPITAL letters in a separate “Yellow Intermediate Paper” as your answer
sheet.

1. What particular impact can suppliers and investors influence the business?

A. capital, income C. products and services

B. standard of living, employment D. tax revenues

2. Which economic sector in-charge of tax revenues, poverty alleviation and basic services?

A. Consumer C. Households
B. Government D. International trade

3. Which among consider as a direct and positive impact of business for household?

A. availability of employment C. supply of raw materials

B. interest earned D. tax collection

4. What does business need to adopt enable evaluate and formulate solution for the various impact that
might be occur?
A. Enhance program Impact Assessment tool
B. Impact Assessment tool
C. Marketing plan
D. Operational plan

5. What implication when more individuals are interested to put up small business despite of the current
situation on COVID 19 pandemic?

A. Negative impact to economic situation

B. No need to start a new business
C. Positive implication in adapting to new normal of business operation
D. D. Promote competition that will led to business chaos

6. Which among represent the related economic sector of production consumption and regulatory?

A. Foreign Investment C. Non Government Organization

B. Labor Union D. Socio-economic

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7. Which among is usually a commercial activity that provide a livelihood and employment?
A. Business
B. Government
C. Household
D. Non-profit organization

8. What does the business need to do to survive in the economy?

A. maximizing positive impact C. only react once problem arise

B. maximizing negative impact D. tolerate undesirable impact

9. When a consumer decides of a product or service to acquire, what did the business provide as an
impact?

A. availability of supply C. retention of consumer

B. benefits of the product or service D. warranty

10. A local supplier of raw material had a limited inventory of raw materials for the production of
its client, which is engage in production. What is impact of this situation to the production
business?

A. borrowing of fund C. immediate stoppage of operation

B. cancellation of existing contract D. shortage of production

11. In the event that a business does pay tax liability, what is the direct impact to the business?

A. availing loan to financial institution C. government budget deficiency

B. business will be charges of tax case D. unemployment

12. Household serve as the target market of business product and service, what can the business
contribute to promote a positive impact to household?

A. attract more possible consumer

B. consumption of product that sub-standard and health risk
C. provide livelihood to household
D. unemployment and lay-off workers

13. When you decide what among what product need to export, concerning of the climate that the
country experience and health issue. What is this particular product that is abundant to export?

A. face mask C. pork meat (frozen or process)

B. mango (fresh or process) D. rice

14. You’re the only business offering a unique product and its needs to maximize your production
output by 20% to 30%, since there is a definite demand. What is the thing need to consider in able to
meet the production requirement?

A. Keep your product until the price goes up or hoarding

B. Let consumer look for an alternative of your product
C. Look for alternative supplier of raw material and ensure availability of fund
D. Use the current available raw materials

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15. When using a SEAT (Socio-Economic Assessment Toolbox), what is the particular objective that
focuses on minimizing negative impacts?

A. to enhance marketing procedures of the business

B. to provide guidance on the ‘line of logic’ to follow when exploring potential issues
C. to showcase the product and service of the business
D. to maintain the business current position

II. Performance Task: Activity. Finding Memo

Directions: Make your own SEAT Toolbox .

Choose an impact you want to discuss from:

• Suppliers investors
• Government
• Households and
• International trade

SEAT (Socio-Economic Assessment Toolbox ) for :

________________________________

Positive Impact Negative Impact

Business Strategy

to Maximize to Minimize

TABLE 2: Rubrics for Scoring

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 Excellent (10 Very Good Good Poor Very
pts) ( 8 pts) ( 6 pts) ( 4 pts) Poor
( 0 pt)
Content Answers are Answers are Answers are Answers are No
Ample, precise and precise and not fully incomplete Answer
inclusive Key ideas inclusive Key stated and Questions not
were clearly stated, points were key points adequately
clarify and well affirmed and are answered.
addresses
supported. supported.
but not
supported.

Construction Well composed, Compositio n Inadequate Compositio n No

rationally is mostly clear Compositio n detracts from Answer
developed and and of answer is the answer.
easy to easy to not easy to
comprehend comprehend comprehend