10.Sole proprietorship and partnership business in the Philippines must be owned by ______.

D. Anybody, foreigners or not as long as they have the capital

C. Foreigners only because they are capitalist

B. Strengths, Weakness, Opportunities, Threats

C. Strategy, Weakness, Outcome, Trust

D. System, Winnability, Outpost, Timing

13. The main objective of SWOT is to______.

A. It can identify business risks and rewards.

B. It can also a way of identifying the internal and external forces that may affect the business.

C. Analyze framework that can help a company meet its challenges and identify new markets.

16. Which of the following show cases strength of a business?

B. skilled and knowledgeable staff

17. The following are weaknesses of a business except;

A. Unclear unique selling proposition

D. Things that competitors have

19. Which of the following explains opportunity?

D. Things you company does well

B. Emerging needs for your products and services

25. In a business competition, what is your aim?

D. Win the customers of your competitor and convince them to buy from you instead and remain as loyal customer.

A. To convince all their suppliers.

B. Identify the weakness of your competitor.

C. To embarrass or humiliate other competitors

35. The owner of a new business can win the consumers away from the existing seller except;

B. Create several commercials/advertisement for her products.

A. By offering something that will benefit the buyers.

C. Give the consumers more choices, new goods, better quality.

D. Innovate the product with new features that are not found in the existing competing goods.

36. . What will happen if a new business is booming?

A. More opportunities for suppliers and investor.

B. Demand for the goods suppliers by suppliers will increase.

C. Investors get to earn returns on their investments.

37. The following are great impact of a new business except;

C. Business owners can now exploit their workers

A. Employment opportunities to Filipinos.

B. Being employed will enable them to buy their basic needs And even some luxuries.

D. Because of their success they can acquire wealth and buy Assets which are fruits of their hard work.

38.With the good business, there is also an impact to the community except;

D. Gambling and lottery in the community will be allowed.

A. Some provides scholarship s to poor but deserving students.

B. Activities like wellness program, livelihood projects and even medical and dental mission.

C. Financial support to the less fortunate.

FINAL SUMMATIVE TEST IN APPLIED ECONOMICS

Quiz

•

Social Studies, History, Geography

•

11th - 12th Grade

•

Practice Problem

•

Medium

Mary Doctor

Used 12+ times

FREE Resource

C. Cooperative

D. Sole proprietorship

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FINAL SUMMATIVE TEST IN APPLIED ECONOMICS

50 questions

1. Which of the following is the main objective of industries?

2. What business organization is characterized below?
It is the simplest way to set up a business. The owner of the business enjoys exclusive control and decision making as well as gets all the profits earned, but shoulders all losses.

3. A business organization where two or more persons combine their resources in a business with a view to making profit.

4. San Miguel, Jollibee, Procter and Gamble are examples of what business organization?

5. What business organization is organized by people with similar needs to provide themselves with goods and services or to jointly use available resources to improve their income?

6. Which of the following is an example of cooperative?

7. Mrs. Deeh Mangutang borrowed from an organization an amount that is twice of her share. She is a member of a _____.

8. A big sari-sari store having an asset of one million five hundred thousand is an example of ______.

9. Mr. Martin’s business has an asset of Php15, 000,000 to 60,000,000, what scale of business does he have?

10.Sole proprietorship and partnership business in the Philippines must be owned by ______.

Create a free account and access millions of resources

Similar Resources on Wayground

Popular Resources on Wayground

Discover more resources for Social Studies

FINAL SUMMATIVE TEST IN APPLIED ECONOMICS

50 questions

1. Which of the following is the main objective of industries?

2. What business organization is characterized below?It is the simplest way to set up a business. The owner of the business enjoys exclusive control and decision making as well as gets all the profits earned, but shoulders all losses.

3. A business organization where two or more persons combine their resources in a business with a view to making profit.

4. San Miguel, Jollibee, Procter and Gamble are examples of what business organization?

5. What business organization is organized by people with similar needs to provide themselves with goods and services or to jointly use available resources to improve their income?

6. Which of the following is an example of cooperative?

7. Mrs. Deeh Mangutang borrowed from an organization an amount that is twice of her share. She is a member of a _____.

8. A big sari-sari store having an asset of one million five hundred thousand is an example of ______.

9. Mr. Martin’s business has an asset of Php15, 000,000 to 60,000,000, what scale of business does he have?

10.Sole proprietorship and partnership business in the Philippines must be owned by ______.

Create a free account and access millions of resources

Similar Resources on Wayground

Popular Resources on Wayground

Discover more resources for Social Studies

2. What business organization is characterized below?
It is the simplest way to set up a business. The owner of the business enjoys exclusive control and decision making as well as gets all the profits earned, but shoulders all losses.