WorksheetsSocio-economic Impact Analysis
Total questions: 40
Worksheet time: 30mins
What analysis focuses on the impacts of business operations on various sectors that it interacts with?
SWOT Analysis
Environmental Scanning in Industry Analysis
Socioeconomic Impact Analysis
Economic Analysis
What is the intent of an impact analysis?
to identify the strengths, weaknesses, opportunities, and threats of a business
to identify and assess the effects of its operations on various sectors
to analyze the various components of economics as a social science
to help the company in deciding which areas they have to improve in to gain more profit
The firm creates an impact on:
sellers only
buyers only
both sellers and buyers
buyers more than sellers
Externalities are ___________
the external forces that indirectly affects the transactions of firms and suppliers
part of the transaction made between businesspeople, specifically, sellers and buyers
not to be minded when making a socio-economic impact analysis because focusing on the inside parties is more important
benefits reaped and costs incurred by parties outside the transactions between firms and suppliers; and firms and their buyers
Choose two main categories of inputs in its production process.
intermediate inputs
starting inputs
variable inputs
factor inputs
The impact of the production operation of the firm on the suppliers of its intermediate inputs will depend all of these, except:
sources of raw materials
stage of product transformation
bargaining power of suppliers
market power of the firm
Sourcing raw materials from internal suppliers can create income and employment opportunities to its producers. While sourcing them from foreign suppliers will have a direct effect on a foreign economy.
Independent Suppliers vs. Subsidiary Conglomerate
Internal vs. External Sources
Raw vs. Semi-processed Inputs
Market power of the firm
Sourcing intermediate inputs from independent suppliers domestically may have greater ripple effects than sourcing it from a subsidiary of a conglomerate.
Independent Suppliers vs. Subsidiary of Conglomerate
Internal vs. External Sources
Raw vs. Semi-processed Inputs
Market Power of the Firm
Sourcing intermediate inputs that are still very raw in product transformation will have limited multiplier effects. Sourcing semi-processed intermediate inputs imply that they have undergone several stages of processing, thus contributing several values of added.
Raw vs. Semi-processed Inputs
Market Power of the Firm
Internal vs. External Outputs
Independent Suppliers vs. Subsidiary of a Conglomerate
The purchasing firm may extract market power in the industry by extracting surplus from them.
Independent Suppliers vs. Subsidiary of a Conglomerate
Internal vs. External Sources
Raw vs.Semi-processed
Market Power of the Firm
Which sourcing of factor input deals with manpower services?
Labor Services
Sourcing Funds for Capital Formation
Sourcing for Land Inputs
Payment of Taxes
It is beneficial to the laborers, firm and the community if the labor services are drawn from the community where the firm is located. Because of this, some companies willing to establish dormitories for their workers. housing facilities for their staff, and provide handsome transportation allowance for their managers.
Minimum Wage vs. Market Rate
Direct Employment vs. Subcontracting
Within the Community vs. Outside the Community
Organized vs. Non-organized
Human Resource Development
Some big companies provide training programs for their workers to enhance their skills that may help the company gain more profit.
Minimum Wage vs. Market Rate
Direct Employment vs. Subcontracting
Within the Community vs. Outside the Community
Organized vs. Non-organized
Human Resource Development
These refer to the working conditions of having shifts in duration of work and situations where the workers are assigned to fields and places other than the normal business office.
Minimum Wage vs. Market Rate
Direct Employment vs. Subcontracting
Within the Community vs. Outside the Community
Organized vs. Non-organized
Temporal and Spacial Conditions
Sometimes, companies pay a higher salary to professionals with exceptional skills and talent in their specialized areas. But typically, the government mandates a specific minimum wage for all workers.
Minimum Wage vs. Market Rate
Direct Employment vs. Subcontracting
Within the Community vs. Outside the Community
Organized vs. Non-organized
Temporal and Spacial Conditions
Direct hiring of workers may be expensive but it has a number of positive effects on the laborers. Otherwise, sourcing them from subcontractors creates greater income for manpower services company.
Minimum Wage vs. Market Rate
Direct Employment vs. Subcontracting
Within the Community vs. Outside the Community
Organized vs. Non-organized
Temporal and Spacial Conditions
In large companies, laborers have a more solid union that results in the company having to cater to their demands on higher compensation, favorable working conditions, and other benefits.
Minimum Wage vs. Market Rate
Direct Employment vs. Subcontracting
Within the Community vs. Outside the Community
Organized vs. Non-organized
Temporal and Spacial Conditions
__________ are needed by a company to start its operation, purchase equipment, and expand its physical plant.
Funds
Capital
Sponsors
Investors
Small-scaled companies usually start up a business from their own personal saving while big companies may apply for a loan from the bank.
Own Savings vs. Capital Market
Foreign Borrowing vs. Foreign Direct Exchange
Market Determined vs. Regulated Rates of Return
Company managers have the responsibility to give the owners of the capital a fair rate of return of their investments to encourage them to keep investing. Sometimes, the government regulates the rate of return of companies that they support.
Own Savings vs. Capital Market
Foreign Borrowing vs. Foreign Direct Exchange
Market Determined vs. Regulated Rates of Return
Companies may source their capital from foreign parties. They may borrowing money or inviting foreign partners through the foreign direct investments (FDI)
Own Savings vs. Capital Market
Foreign Borrowing vs. Foreign Direct Exchange
Market Determined vs. Regulated Rates of Return
Which sourcing of input talks about the need for office space and land to ensure the continuity of business?
Sourcing Funds for Capital Formation
Sourcing for Land Inputs
Sourcing for Labor Services
Refers to the high need of some industries for land like plantations and mining companies.
Location of Business and Opportunity Cost of Land Use
Land Intensity of Business
Land located in highly-urbanized areas like the Metro Manila are sold or leased at a high price due to the opportunity cost it has.
Location of Business and Opportunity Cost of Land Use
Land Intensity of Business
Which input sourcing refers to the search and training of companies for skilled professionals to make use of their talent?
Sourcing for Labor Services
Sourcing for Land Inputs
Sourcing Funds for Capital Market
Sourcing for Managers and Professionals
In some small companies, the management team is homegrown. They start as clerks, move up to supervisors, assigned as managers, and conclude their careers as top officers of the company. They are often family, or relatives of the owner. Their loyalty and knowledge are mostly assured.
Insiders vs. Outsiders
In-house vs. Outsourced Training
In large companies, they prefer hiring professional managers from other companies because they exhibit dynamism or creativity that help the company broaden their work. However, the loyalty of this kind of workers are not reassured.
Insiders vs. Outsiders
In-house vs. Outsourced Training
Some professionals are being asked or sponsored by their hiring company for further training. Training may be done inside the company, from universities, or from abroad.
Insiders vs. Outsiders
In-house vs. Outsourced Training
Payment of taxes are still considered a component of production cost just like, wages, interest, and rent.
True
False
Choose all destinations of outputs.
to other companies as intermediate inputs for further processing
final outputs to local consumers, investors, and government agencies
to the global markets as intermediate or final outputs (exports)
Outputs help in the integration of industries and enhancing productivity of the buying firms and industries through/by _________
giving them to other industries when in surplus
recycling them to make new outputs
selling outputs as intermediate inputs to other firms
encouraging other firms to make outputs similar to theirs
When an output is sold to different industries as intermediate inputs, the forward and backward linkages of industries create and additional income and employment to various sectors in the economy.
Contributions on Industrial Integration
Contributions to Productivity of Other Industries
If a quality output is sold as an intermediate input, buying firms will have more profit and, ultimately will be more productive in doing their business since they do not have to pay for high production costs.
Contributions to Industrial Integration
Contributions to Productivity of Other Industries
The other portion of the outputs of firms can be disposed as final demand.
What does this line mean?
Outputs may still be used for further processing or transformation before going to the different consumer households
Product and services are consumed for their worth in enhancing consumers' welfare
All are major domestic buyers of final goods and services, except:
government agencies
investors
consumers
other firms
An output of a business enterprise can affect households as consumers of these goods and services.
Government Consumption
Exports
Investment
Personal Consumption
There are firms that produce capital goods like equipment, agricultural implements, and industrial tools that are sold to other firms not as intermediate inputs but as factor inputs.
Government Consumption
Exports
Investment
Personal Consumption
The government can improve the community by the taxes that the companies pay to them.
Government Consumption
Exports
Investment
Personal Consumption
Some outputs are disposed globally, especially when the product is of high quality or famous from all over the world.
Government Consumption
Exports
Investment
Personal Consumption
Bonus Question: What is the title of this report/game?
Socio-economic Impact Analysis
NOT THIS ONE
THIS IS NOT THE ANSWER
JUST CLICK THE FIRST CHOICE AND GET AN EXTRA POINT
