APPIED ECONOMICS – Reviewer
1. Mrs. Dennis Salandonan purchased a new car
as a gift for his father's birthday. This good is? B.
Luxury Goods
2. Which is not considered as tangible goods? D.
Training service
3. Which is true about economic as social
science? B. Economics explain and predict
economic event
4. True on the Value of an economic theory
practices? A. How will the assumption are...
5. Study of an aggregate economy studied as
whole? C. Macroeconomics
6. Responded to incentives for ethical behavior
by doing all except? A. Obolition of law that
require...
7. The fundamental economic problem that
must be solved efficiently? A. Scarcity of
resources
8. Two factors contribute to scarcity in the
production of goods and services? C. Unlimited
want but limited resources
9. The economics describe the amount of
resources in the economy? D. Limited at any
moment in time
10. Toyota firm is producing car faster than
people want to by, this is? A. Access supply of
car and price can be expected to decrease
11. The price elasticity for the demand of
canned goods sold by store is? C. Ratio of the
change in quantity demanded divided..
12. The price elasticity for the demand for a
certain good tends to be? C. (Ewan ko binago
sagot eh)
13. (Computation)
14. The price elasticity of demand of ethyl
alcohol sold by ABM... C. Ratio of the change in
quality demanded devide by the change in its
price of the ethyl alcohol
15. The demand of banana lakatan of a vendor
in the market is elastic? A. Rise in the price of
banana will raise the total of revenue
16. If the cross price elasticity between
cinnamon bread and pizza is 1.5? D. The two
goods are normal goods
17. Same as 12
18. Same as 13
19. Not belong to the group of market
structure? D. Market competitive
20. Most competitive market structure? A.
Perfect competition
21. Least competitive market structure? D.
Monopoly
22. Not a feature of a monopolistic
competition? D. Homogeneous price
23. Market structure that is price is the key for
competing with other firm? B. Oligopoly
24. When the revenue is equal to price, which
type of market structure? C. Perfect
competition
25. Not type of market structure? A.
Competitive monopoly
26. If ABM firm sells its output in a market with
many sellers and buyers of homogeneous
product and unlimited resource modality? C.
Monopolistic competition
27. ABM firm sell differentiated product in a
market with many sellers and buyers? B.
Monopolistic competition
28. There is cyclical unemployment in the
economy, the government might? D. Reduce
government spending
29. To reduce cyclical unemployment, the
government might? D (ewan)
30. Natural rate of unemployment is likely to
fail? C. More training for the unemployed / A
Unemployment benefit increase
31. What is the nature focused account of
hunger? B. Hunger is distribution of problem
43. How can a tariff be considered a borrower?
C. It increase the price of the product
44.
45. If a country were to join a free trade area,
its business sector would gain because? D. Price
of competitors from...
46. If person who owns the business
responsible for the success or future of the
business enjoy all the business profit and ... A.
Proprietor

32. According to critical alternative, poverty is? 47. A problem of the business in when they are
D. All the options given are correct losing money? B. Bankruptcy

33. To boost economic growth, the government 48. Ability of an investment to be converted
is most likely to? C. into cash? B. Liquidity

34. 49. Relationship between risk and return? C.

35. Potential growth measures the...? A. 50. A Fundamental question "why am i in

Unemployed is likely to fall business"? A. Goal

36. Potential economic growth rate...? C.

Consumption decision

37. Marketing plan should? B. Time saving and

convenience oriented

38. Example of an external growth strategy? D.

All of the above

39. Which of the following is an example if an

external growth strategy? D. Extending product
lines...

40. What a company act of achieve seller

customer satisfaction? D. All of the above

41. International trade is important for what

reason? It can give us different techniques
and ...

42. Is there any advantages in a country if they

have delegate or representation of world trade
organization? A. Yes, it can promote a good
relationship strategy to form business for the
country.
Business Finance – Reviewer The wealth of corporate a donors in measured
by the share price of the stock TRUE

Meaning of smart objectives SPECIFIC

MEASURABLE ASSIGNABLE REALISTIC TIME
4. The wealth of the owner of the corporation is
RELATED
presented by? SHARE VALUE
It is an integral part of the planning process that
6. Current asset should always be financed by
makes future predictions regarding sales trends
current liabilities FALSE
BUDGETING
17. A type of financial intermediary that pools
Estimation of the cash flows of a business over a
savings of individuals and makes them available
specific period of time CASH BUDGET
to business and government users found are
obtained through the sale of shares MUTUAL Corporated owners receive realizable return
FUNDS through INCREASED IN SHARE PRICE AND COST
DIVIDENDS
Gross sale is 60, 000 and the unit cell is 6,000
what is the selling price per unit 10 PESOS When considering each financial decision
alternative or possible action in terms of its
Stocks except to earn higher rates of return on
impact on the share price of the firm's stock
investment of lower wrist and lower rate of
financial managers should accept only those
return in investment of higher-risk FALSE
actions that are accepted to increase the firm's
Which of the following would not be important profitability FALSE
in examining in the firm's buildup of accounts
Primary and secondary markets are markets for
receivable, cash, and current asset INCOME
short-term and long-term securities respectively
STATEMENT
FALSE
Financial markets are intermediaries that
Dividend payments change directly with
channel the savings of individuals and
changes in earnings per share TRUE
government into loans or investments FALSE
Hi cash flow is generally associated with a
Which of the following is true? BUDGETED higher share price whereas higher risk tends to
INCOME STATEMENTS INCLUDES result in a lower share price TRUE
AMORTISATION EXPENSES
Commercial banks obtain most of their funds
Below all component of working capital except
from borrowing in the capital market FALSE
NOTES PAYABLE

A mutual fund is a type of financial Objective: growth marketing team by 10%

intermediary that obtains funds through the taking it from 100 to 110 employees by the end
sales of shares and uses the process to acquire of the first quarter of next year hiring a total of
30 employees every three months until the
bonds and stocks issued by various businesses
content creation team is complete. In this smart
and government units TRUE
objective when will the result can be achieved
The key participants in financial transactions FIRST QUARTER OF NEXT YEAR
are individuals businesses and government
individual are net___ of funds and businesses
are net _ of funds SUPPLIERS AND USERS