BUSOK NATIONAL HIGH SCHOOL

Busok, Bagumbayan, Sultan Kudarat

SECOND PERIODICAL EXAM
APPLIED ECONOMICS
(2019-2020)

Name:____________________________________________________Section:________Score:________

Circle the letter corresponding to the best answer to the question.

1. that management will solve the existing problem of the business.

a. Employee c. Employer
b. Entrepreneur d. Manager
2. Is the buying of a product at wholesaler price and then selling it double of the wholesale price.
a. Keystoning c. market
b. Venture d. Profit
3. A problem of the business in which they are losing money
a. Insolvency c. holiday
b. Bankruptcy d. lumpsum
4. A small business that originates as an idea in the mind of an entrepreneur.
a. Proprietor c. Ventures
b. Market plan d. business plan
5. The money that you make is more than what you use to pay the bills.
a. Profit c. Income
b. Asset d. liabilities
6. Someone who earns a living by working in a particular business.
a. Employee c. manager
b. Profession d. Supervisor
7. The ability to convince people to see your point of view and get them interested in your ideas.
a. Persuasiveness c. Risk taker
b. Appeal d. Guessing
8. Refers to the amount of money to which an investment will grow over a finite period of time at a
A given interest rate.
a. Future value c. Money value
b. Time value d. investment value
9. The branch of economics that deals with the exchange of goods and services with foreign countries
a. International barrier c. Applied economics
b. International trade d. Asean
10. Is the portion of current income not spent in consumption?
a. Savings c. Money
b. Investment d. budget
11. Purchasing of assets with the goal of increasing future income.
a. Stock exchange c. Investor
b. Investment d. Credits
12. The ability of an investment to be converted into cash quickly without losing its value
a. Owning c. Selling
b. Liquidity d. Return
13. The courage to expose oneself to possible loss
a. Risk taking c. braveness
b. Risk d. accepting

14. The ability to see the end results of your goal while working to achieve them.
a. Mission c. Goal
b. Vision d. planning
15. It is the refusal to quit, willingness to keep goals in sight and work towards them despite obstacles
a. Persuasiveness c. Organization
b. Perseverance d. bidden
16. A belief that you can do what you set out to do.
a. Coincidence c. Optimistic
b. Confidence d. Discipline
17. Tax on goods that is being shipped internationally
a. Poll tax c. Import tax
b. Tariff d. Export tax
18. The profit or yield from an investment.
a. Return c. Interest
b. Change d. Compound interest
19. The desire to work in hand to accomplish ones goal.
a. Wants c. Accomplishment
b. Desire d. Seriousness
20. The ability to cope with changing situation in the business
a. Adaptability c. Acceptance
b. Honesty d. Ideal
21. The willingness to compete and test oneself against others
a. Self- competiveness c. Rivalry
b. Competiveness d. Feud
c. OTW d. CBN
22. Philippine permanent representative to the world trade organization that appointed by President Aquino.
a. Thomas Tuazon c. Ricardo Dalisay jr
b. Berna Tuazon d. Esteban B. Conejos jr.
23. What is the relationship between risk and return?
a. High risk will result to high return*
b. Low risk will result to high return
c. No return will result to high risk
d. More return less risk
24. The primary cause of small business failures is,
a. lack of capital
b. management incompetence
c. poor location
d. improper inventory control
25. The primary purpose of a business plan is to
a. attract lenders and investors.
b. enable an entrepreneur to take his or her company public.
c. guide a company by plotting a strategy for its success.
d. meet SEC and other legal requirements designed to protect lenders and investors.
26. Define a company's overall direction and answer the fundamental question, "Why am I in business"?
a. Goals
b. Strategies
c. Objectives
d. Key performance factors

27. A marketing plan should,

a. determine customer needs and wants through market research.
b. pinpoint specific target markets the company will serve.
c. analyze the firm's competitive advantages and build a marketing Strategy around them.
d.. all of the above
28. The majority of customers who stop patronizing a particular store do so because
a. its prices are too high
b. its quality is too low
c. an indifferent employee treated them poorly
d. it failed to advertise enough
29. What can a company do to achieve stellar customer service and satisfaction?
a. Listen to customers with the help of suggestion boxes, focus groups, surveys, and other tools.
b. Define what "superior service" means so that customers and employees know exactly what to expect and what to provide.
c. Hire friendly, courteous sales and service representatives.
d. All of the above
30. Product planning tells you:
a. Where you will produce your product.
b. Cost to produce your product.
c. Your Net profit
d. Total revenues
31. What things could you change to adjust your profit?
a. Price.
b. Number
c. Less expensive supply sources.
d. All of the above.
32. When counting change back to a customer, you should always give the ____________ amount of coins possible.
a. best c. most
b. least d. correct
33. Which of the following is an example of an internal growth strategy?
a. Licensing
b. merger
c. new product development
d. strategic alliance
34. Which of the following is an example of an external growth strategy?
a. strategic alliances and joint ventures
b. improving an existing product or service
c. increasing the market penetration of an existing product or service
d. extending product lines
35. You can always make more money but you cannot make more time. What does it implies?
a. Time is gold
b. Grab the opportunity
c. Time is not enough to create money
d. Time management

GERONIMO O. MIRASOL, JR.

Subject Teacher
APPROVED BY:
RENE P. CANTO
School Head