REVIEWER

FINAL EXAM APPLIED ECONOMICS

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.
2. A small business that originates idea in the mind of an entrepreneur.
3. A business that composing less than 100 employees and have turnover of less than 150 million per annum.
4. A person who are not responsible for the turnout of the business venture, expecting that management will solve the existing
problem of the business.
5. The buying of a product at wholesaler price and then selling it double of the wholesale price.
6. A problem of the business in which they are losing money
7. The money that you make is more than what you use to pay the bills.
8. Someone who earns a living by working in a particular business.
9. The branch of economics that deals with the exchange of goods and services with foreign countries
10. Is the portion of current income not spent in consumption?
11. The ability of an investment to be converted into cash quickly without losing its value.
12. The ability to convince people to see your point of view and get them interested in your ideas.
13. Refers to the amount of money to which an investment will grow over a finite period of time at a given interest rate.
14. Purchasing of assets with the goal of increasing future income.
15. The courage to expose oneself to possible loss
16. The ability to see the end results of your goal while working to achieve them.
17. It is the refusal to quit, willingness to keep goals in sight and work towards them despite obstacles.
18. The ability to cope with changing situation in the business
19. The desire to work in hand to accomplish one’s goal.
20. The profit or yield from an investment.
21. A belief that you can do what you set out to do.
22. Tax on goods that is being shipped internationally
23. What is the relationship between risk and return?
24. The willingness to compete and test oneself against others
25. What things could you change to adjust your profit?
26. The following are key for the business to succeed except;
27. Define a company's overall direction and answer the fundamental question, "Why am I in business"?
28. The primary purpose of a business plan is to:
29. The primary cause of small business failures is,
30. A marketing plan should,
31. Product planning tells you:
32. The majority of customers who stop patronizing a particular store do so because _____.
33. Which of the following is an example of an external growth strategy?
34. Which of the following is an example of an external growth strategy?
35. What can a company do to achieve stellar customer service and satisfaction?
36. Global international organization dealing with the rules of trade between nations.
37. When counting change back to a customer, you should always give the ____________ amount of coins possible.
38. International trade is important for what reason?
39. You can always make more money but you cannot make more time. What does it implies?
40. In savings the most important thing or necessary is _____
41. President of the Philippines is known with his arrogant statement to our allies especially America. Does it affects the relation of
the Philippines to international trade over other country?
42. Is there any advantage in a country if they have delegates or representative in the World trade Organization?
43. Investors in the Philippines is declining, the following are the reason except:
44. Mr. LO LUNG is experiencing an increase of loss in his business because of the law, that mandating all the business
establishment to lessen their contractual workers or stop contractualization. If you are in his place what action will you make to
solve the said problem?
45. How can a tariff be considered a barrier?
46. Pedro, a grade-11 student want to increase his savings for the reason of, he wanted to buy a motorcycle that can be used to his
every day journey in going to school. If you are Pedro, how can you solve the problem?
47. If a country were to join a free trade area, its business sector would gain because ______.
48. Policy allowing foreign investment and goods to freely enter the country by removing trade restrictions.
49. Government income mainly from taxes.
50. Written estimate of anticipated government revenues and expenditures during a specific period of time.

____ 51. Semi-processed goods that are not yet ready for final use by the consumer
____ 52. The buying and selling of goods and services between countries.
____ 53. Commonly employs a man-machine setup with division of labor
in a large scale profuction
____ 54. Studies how economic activity affects and is shaped by social processes.
____ 55. Analytical framework that can help identify the business’ risks and rewards
____ 56. Goods that are ready for consumption.
____ 57. An economy sells goods to other countries.
____ 58. The movement of money for the purpose of investment, trade,
____ 59. Simplest way to set up a business owned by a single individual
____ 60. Resources used in the production of goods and services
____ 61. A group of companies producing similar goods and/or services.
____ 62. Social, biological, and geographical objects involved in
producing fish for human consumption
____ 63. A legal entity that is separate from its owners, the shareholders.
____ 64. A process that creates and/or adds value or utility
____ 65. The use of goods and services to satisfy human wants.