Republic of the Philippines

Department of Education
DINGADING INTEGRATED SCHOOL

SUMMATIVE TEST
APPLIED ECONOMICS 11 QUARTER 2 (SET A)

DIRECTION. Choose the letter that corresponds to the correct answer then write it before the
number. Write your solutions on a separate sheet of paper if needed.

____1. The process by which one or two or more persons engage in commercial activity for profit.
a. Business b. Commerce c. Trade d. Partnership
____2. Persons or company who supplies goods and services.
a. Consumer b. Creditors c. Government d. Suppliers
____3. Industry rivalry among companies of the same or related industry is called_______.
a. Competition b. Distribution c. Alliance d. Threats
____4. An advantage that occurs when a business is able to offer the same quality product as its
competitors, but at a lower price.
a. Differentiation b. Alliance c. Defensive Strategy d. Cost Leadership
____5. Ford and Toyota sells the same products; it evident that there is a ____________ .
a. Competition b. Distribution c. Alliance d. Threats
____6. Which does not belong to the group?
a. Colgate b. Head and Shoulders c. Close-Up d. Hapee
____7. As a student of economics, what business can you recommends in this pandemic crisis Covid
2019 and why?

Write your short response here:

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____8. A group of businesses or manufacturers that produces a particular

products or services
a. Enterprise b. Industries c. Logistics d. Trade
____9. The process of selling consumer goods or services to customers through
multiple channels of distribution to earn a profit
a. Barter b. Retail c. Wholesale d. Trade

____10. This is an agribusiness which involves planting rice, the staple food of
the Filipinos.
a. Goat Raising b. Fish Pens c. Rice Farming d. Vegetable Farming
____11. A business which involves raising of domesticated type of birds like
chicken, ducks, and geese for meat and egg production.
a. Cattle Raising b. Corn Farming c. Fish Pens d. Poultry Raising
 ____12. The process of converting raw materials, components, or parts into
finished products by used tools, machinery and labor.
a. Agribusiness b. Manufacturing c. Retail and Services d. International Trade
____13. Which statement is not true about environmental analysis?
a. It is a process by which organization monitor their relevant environment.
b. It helps identifies opportunities, plan and does not take action.
c. It identifies strengths and weaknesses of the business.
d. It is a careful study of various factors influencing the business.
____14. This objective of environmental analysis puts importance that one must be aware of
existing environment and changes in various factors of environment like changes in
economic, technological political and so forth.
a. To provide input for decision-making.
b. To ensure optimum utilization of resources
c. To identify the threats and opportunities of environment.
d. To understand current and probable change in environment.
____15. The acronym for SWOT is
a. Suppliers, Workers, Overtime, Tool
b. Staff, Workers, Operation, Time
c. Strengths, Weaknesses, Opportunity, Threats
d. Supreme, Weaknesses, Opportunity, Threats
____16. Mang Ando business is lechon manok in their community. Aside from Mang Ando there
are other establishments that sell grilled chicken like Chicken Inasal, Pampanga Lechon,
Boy’s Manok Inihaw. Then Mang Ando’s business has
a. Opportunity b. Strength c. Weakness d. Threat
____17. During pandemic crisis, hospitality and health care services are essential
and these are classified as_____.
a. Primary Industry c. Tertiary Industry
b. Secondary Industry d. Quaternary Industry
____18. People need water to quench their thirst and this is one of the reason
why this business is thriving.
a. Drinking Water Business b. Soap Manufacturing c. Bakery d. Furniture Making
____19. These are list of business that involves agriculture except _______________.
a. Hog raising b. Corn farming c. Furniture Making d. Poultry Farming
____20. Can you recommend manufacturing ideas/products that are
profitable during this pandemic crisis Covid 2019 and why?

Write your short response here:

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Prepared by:
MHAR G. SERRANO
Subject Teacher