APPLIED ECONOMICS SUMMATIVE EXAMINATION 2-4

1. ___________________ is the aggregation of the different businesses engaged in the

• a. Industry

• b. Corporation

• c. Partnership

• d. Cooperative

2. ___________________ is a type of a partnership which all general partners have

unlimited liability and loan payments will extend to their personal property.

• a. General Partnership

• b. General Partnership

• c. Porter’s five forces Analysis

• d. SWOT Analysis

3. ___________________ is a significant tool or a guide for assessing and evaluating the

competitive strength and position of a business organization.

• a. Porter’s five forces Analysis

• b. General Partnership

• c. PESTLE Analysis

• d. SWOT Analysis

4. ___________________ is a means of identifying the internal and external forces that

may affect the business.

• a. SWOT Analysis

• b. General Partnership

• c. Porter’s five forces Analysis

• d. Business Analysis

5. ___________________ is a means to evaluate the possible or probable effects of

external forces and conditions on the survival and growth of the business.

• a. Environmental Analysis

• b. Partnership

• c. Porter’s five forces Analysis

• d. SWOT Analysis

6. ___________________ is the one who developed Porter’s Five Forces Competitive

Position Analysis.

• a. Michael E. Porter

• b. General Manager

• c. Henry Sy

• d. Lucio Tan

7. ___________________ is a means to understand the business’ position relative to

other participants in the industry.

• a. Industry Analysis

• b. Business Analysis

• c. Porter’s five forces Analysis

• d. SWOT Analysis

8. ___________________ refers to the type of government, the stability and strength of

the government and good leadership factors than can be an advantage to a business.

• a. Political Factors

• b. General Partnership

• c. Porter’s five forces Analysis

• d. SWOT Analysis

9. ___________________ involves a look at income of the people, economic conditions

such as inflation, recession, prosperity, demand, and supply in the market.

• a. Economic Forces

• b. Social Forces

• c. Porter’s five forces Analysis

• d. Political Forces

10. ___________________ includes a look at the population size, location of the

business, land distribution, climate and global warming situation, whether or not the

area is prone to flood or earthquake.

• a. Physical Environment

• b. General Partnership

• c. Porter’s five forces Analysis

• d. SWOT Analysis