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12 - Economics - Contemporary Economic Issues

Total questions: 15

Worksheet time: 9mins

Name
Class
Date
1.

This refers to the minimum amount of remuneration that an employer is required to pay wage earners for the work performed during a given period.

a)

Taxes

b)

Investment

c)

Rentals

d)

Minimum Wage

2.

A _____ is a mandatory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund various public expenditures.

a)

Investment

b)

Rentals

c)

Minimum Wage

d)

Tax

3.

_____ is the art of turning an idea into a business.

a)

Investing

b)

Appreciation

c)

Entrepreneurship

d)

Entrepreneur

4.

A property from which the owner receives payment from the occupants, known as tenant, in return for occupying or using the property.

a)

Investment

b)

Rentals

c)

Minimum Wage

d)

Taxes

5.

_____ is an asset or item acquired with the goal of generating income or appreciation.

a)

Rentals

b)

Taxes

c)

Interest Rate

d)

Investment

6.

_____ are assets that a company intends to hold for more than a year.

a)

Investment

b)

Short-term Investment

c)

Long-term Investment

d)

Interest Rates

7.

This is an investment that will mature to cash within one-year time period and is considered liquid.

a)

Rentals

b)

Short-term Investment

c)

Long-term Investment

d)

Minimum Wage

8.

It refers to an increase in the value of an asset over time.

a)

Entrepreneurs

b)

Investing

c)

Appreciation

d)

Taxes

9.

Which term refers to a short-term employment practice in the Philippines?

a)

end of contract

b)

regular

c)

probationary

d)

terminated

10.

What is the term use for the amount paid by a tenant to the owner of the possession?

a)

bonus

b)

interest

c)

rent

d)

penalty

11.

What is an amount paid regularly at a particular rate for the payment of borrowed capital?

a)

cash

b)

incentive

c)

interest

d)

commission

12.

What is the amount of money that is paid to workers based on the number of hours?

a)

Salary

b)

Interest

c)

Wages

d)

Piece rate

13.

What is the term used for the amount that is paid to workers on a fixed rate based on agreed rate of both by employee and employer?

a)

Salary

b)

Interest

c)

Wages

d)

Piece rate

14.

He is the founder of SM group.

a)

Tony Tan Caktiong

b)

Henry Sy

c)

Henry Sy, Jr.

d)

Henry Sy, Sr.

15.

He is the founder, chairman and CEO of Jollibee Foods Corporation.

a)

Tony Tan Cationg

b)

Henry Sy, Jr.

c)

Henry Sy, Sr.

d)

Tony Tan Caktiong