LESSON 9 - Quiz

GROUP 1

1. This includes net investment and replacement.

Ans. GROSS INVESTMENT

2. Purchase of goods that are not consumed today but are used in the future to create wealth.

Ans. INVESTMENT IN ECONOMICS

3. Replacement for wornout investment.

Ans. REPLACEMENT INVESTMENT

4-6. Give atleast three agencies that approved the total foreign investments in the Philippines.

Ans. BOARD OF INVESTMENTS, CLARK DEVELOPMENT CORPORATION, PHIL. ECONOMIC ZONE AUTHORITY

7-9. What are the three challenges for the Filipino Entrepreneurs.

Ans. GOVERNMENT LICENSING AND PERMITS, PROHIBITIVE RENTAL RATES AND OTHER CLAUSES IN MALLS, THERE ARE MANY WHO
HAVE NO JOBS.

10-15. What are the main determinants of investment?

Ans. LEVEL OF SAVINGS, BUSINESS CONFIEDENCE, CHANGES IN NATIONAL INCOME, INTEREST RATES, GENERAL EXPECTATIONS,
CORPORATION TAX.

16-18. Give three current problem of the Filipino Entrepreneur.

Ans. INADEQUATE ACCESS TO TECHNOLOGY, FINANCING CAPITAL, MARKETING ADVICE.

19. What is the major hindrance to generate investments and to create more and better jobs?

Ans. CORRUPTION

20. What survey finds that corruption is the biggest constraint in the country?

Ans. WORLD ECONOMIC FORUMS EXECUTIVE OPINION SURVEY

21. What GCR also points two major shortcomings?

Ans. LABOR REGULATIONS

22. The country in the ASEAN region that got the highest rates of unemployment.

Ans. PHILIPPINES

23. One reason why job creation has struggled to keep pace in the Phils.

Ans. POPULATION

24. What work that has one out of ten Filipinos do?

Ans. OVERSEAS

25-27. Enumerate three types of business taxes.

Ans. VAT, EXCISE TAX, IMPORT TAX.

28-30. Give atleast three effects of High taxes.

Ans. LOW WAGES, HIGH PRICES, SUBSTANDARD PRODUCTS.

LESSON 10
QUESTIONS:
1-3. Give three examples principles that an entity should possess in order to be successful.

 Scalability  Sustainability  Purpose  Standards

 Big Ideas  Growth  Autonomy

 Systems  Vision  Profitability

4-6. Give three steps in effective decision-making (in any order).

 Identify the Decision to be  Weigh Evidence  Review Decision and

Made Consequences

 Gather Relevant  Choose among

Information Alternatives

 Identify Alternatives  Take Action

7. It is a type of decision making tools wherein, it is used to evaluate all the options of a decision and creating a table and
start to tally all the options and vote for each option. ANS. Decision Matrix

8. It is a statistical technique in decision-making used for the selection of a limited number of tasks that produce
significant overall effect. ANS. Pareto Analysis

9. This technique is used when weighing the financial ramifications of each possible alternative . ANS.Cost-benefit

10-12 Give at least 3 of the tools and techniques in making an efficient business.
 Use technology to speed up work flow  Keep a firm grip on cash flow

 Shorter meetings fuel efficiency  Stay connected on the move

 Smart office space pays  Use time more efficiently

 Small changes, big savings  Get the best deal on insurance

 Manage staff expenses  Do not be lax with the legal

13. One of the fundamental factors that explain limited growth, productivity, and employment in the economy. ANS.Weak
Competition
14. Philippine experience has shown that reforms such as trade liberalization, deregulation, and privatization, while
necessary, are not sufficient to foster effective competition.
15. Maintaining a competitive environment requires coordinated policies to implement continued liberalization and
deregulation in tandem with necessary support measures.
16. It holds the customer back from buying the product or service in the first place.
ANS.Key Fear
17. The second approach to sales and marketing.
ANS.Change your Pricing
18. The fourth approach to marketing plan.
ANS.Deliver True Value of your product to your customers
19. What is businesses that are constantly seeking competitive advantages in the market-place?
ANS.Methods of Competitive Advantages
20. What is an advantage occurs when a business is able to offer same quality product as its competitors, but at a lower
cost through the perfection of production methods or by the utilization of resources in a more efficient manner than
competitors?
ANS.Cost Leadership
21. What strategy is closely related to differentiation and cost leadership because it is a method used by businesses to
keep those advantages in place once they have been attained.
ANS.Defensive Strategies
22. What competition uses Total Quality Management (TQM), Six-Sigma Methods and ISO 9000?
ANS. Performance Competition.
23. One way in which a company can deter their opponents from doing well is to try to Controlling Supplies.
24. Large companies have been known to buy out smaller competitors, is called? Predatory Competition.
25. Define suppliers
Suppliers are party that supplies goods and services. A supplier may be distinguished from a contractor or
subcontractor, who commonly adds specialized input to deliverables. Also called vendor.
26. ___________ suppliers are very common in the retail industry, where they are likely to manufacture and deliver large
quantities of products to their client.
ANS. Wholesaler suppliers
27-30. Give 3 examples of impact of Suppliers to Business
 Quality  Competitiveness  Finance

 Timeless  Innovation
LESSON 11
QUIZ

1. It is a business that earns most or all of its revenues from agriculture.

Ans. Agribusiness
2-6. Give 5 examples of Agribusinesses in the Philippines
Ans. Hog Raising, Poultry Raising, Cattle Raising, Goat Raising, Rice Farming, Vegetable Farming, Fish
Pens, Corn Farming
7. It is is the trading of capital, goods and services across international borders or territories, which could involve the activities
of the government and individual.
Ans. International Trade
8. It is the process of selling consumer goods or services to consumers through multiple channels of distribution to earn a
profit.
Ans. Retail
9. This is a service provider services the small orders of a large number of individuals, rather than large orders of a small
number of wholesale, corporate or government client.
Ans. Retailer
10-13. Identify the four types of retail products.
Ans. Food products, Hard goods or durable goods hardline retailers, Soft goods or consumables and Arts
14. It is the process of converting raw materials, components, or parts into finished goods that meet customer’s
expectation and specifications.
Ans. Manufacturing
15-17. Give the three disadvantages of Manufacturing Business.
Ans. Reliance on Raw Materials, Cost and Expenses, Permits
18. It is a product that is sold to the global market
Ans. Exports
19. It is the amount of money that individuals invest into foreign companies and other assets.
Ans. Foreign Direct Investment (FDI)
20. It is a type of electronic commerce used for business-to-consumer (B2C) transactions and mail order (forms of non-
shop retailing)
Ans. Online Retailing
21-24. Give four kinds of Small Manufacturing Business
Ans. Furniture Making, Drinking Water Business, Soap Manufacturing Business and Commercial Bread
Baking
25. It is a type of Retail product that is typically require cold storage of facilities.
Ans. Food Products
26-30. Give five advantages of manufacturing.
Ans. Quality Control (in-home business), Production Expense (in-home business), Management
Considerations (in-home business), Demand, Job Satisfaction, Flexibility, and Reach Market Easily.
LESSON 12

QUIZ:
1. It is the careful study of various factors influencing the business.
Answer: Environmental analysis
2-3 Environmental analysis helps to identify ______ and _________
Answer: opportunities and threats
4. It is said to be an essential element in environment analysis.
Answer: Forecasting
5. It provides us answers to the key issues presented by the environment and their impact on the business.
Answer: Assessment
6. This exist when the sources of required information is not readily available.
Answer: Searching and scanning
7. _________ refer to methods of monitoring various sources of relevant information, searching the required
information and making forecasts on the basis of information so collected.
Answer: Techniques of environmental analysis
8. In this method, business environmental forecasting is based on opinion and views of top executives.
Answer: Executive Opinion Method
9. Delphi Method is an extension of ____________.
Answer: experts’ opinion method.
10. The assumption of this method is that past events will have their impact on future.
Answer: past projection method
11. Technique used to generate new innovative and unique ideas and forecasts.
Answer: brainstorming
12. Popular method of forecasting when it is possible to make precise forecast of future.
Answer: scenario development
13. A characteristic that place the business or project at a disadvantage relative to others.
Answer: Weaknesses
14. These are the elements in environment that could cause trouble for the business or project.
Answer: Threats
15. This pertains to the characteristics of the business or project that give it an advantage over others.
Answer: Strengths
16. The ________ factors are often presented in the form of a matrix.
Answer: External
17. The ________ factors are the strengths or as weaknesses depending upon their effect on the organization’s
objectives.
Answer: Internal
18. What is the last step in identifying small business opportunities?
Answer: Consider franchising
19 – 21. Give three (3) ideas for small business opportunities in the Philippines.
Answer: Internet café business; Internet café business plan franchise; Real estate investing
22-23. A situation in a market when the price is such that the quantity demanded by consumers is correctly
balanced by the quantity that firms wish to supply.
Answer: Market equilibrium
24. Products that are being supplied by the producers outside the country
Answer: Imported products
25. Products that are sold outside the community
Answer: Exported products
26. The availability of certain resources in an area can suggest business opportunities.
Answer: Capitalize on available resources
27-28. In adapting a business, we need to be _______in order to have _______ when forming a business.
Answer: Observant, Better ideas.
29-30. Give 2 best alternative investment strategies to consider in 2018

Answer:

1. Focus on absolute returns

2. Understand that returns are one-dimensional, risk is multi-dimensional
3. Know where the return is coming from
4. Obscure is good
5. Diversification is the only free lunch - make sure you are diversified
LESSON 13 - QUIZ
ABM 12-5
GRP. 1
1-4. What are the four effects of business on Consumers?
Ans: INFLUENCE CONSUMERS EMOTIONALLY, ENCOURAGE CUSTOMERS TO LOOK FOR VALUE, OFFER
SOCIAL RESPONSIBILITIES, CHANGE BEHAVIOR WITH EXCELLENY SERVICE
5. It is important to select suppliers carefully as suppliers can affect the business they provide goods to, what is this?
Ans. SELECTING THE RIGHT SUPPLIERS
6-10. Give five variables that is important in selecting the right supplier.
Ans. QUALITY, PRICE, TURNAROUND, PAYMENT, RESOLUTION PROCESS.
11. _____________ overtime spending on certain items that are in "fashion" increase relative to those that go out of
fashion.
Ans. TASTE AND FASHION
12. _____________ as indirect taxes and subsidies rise and fall, households will be encouraged or discouraged from
spending.
Ans. TAXES AND SUBSIDIES
13. ____________ as the prices of certain goods and services rise in relation to others, household spending will adjust.
Ans. RELATIVE PRICES
14-17. Give the four factors affecting Household spending.
Ans. HOUSE INCOME, TASTES AND FASHION, TAXES AND SUBSIDIES, RELATIVE PRICES.
18-20. Give three determinants of Spending.
Ans. THE CURRENT LEVEL OF NATIONAL INCOME, THE LEVEL OF SAVINGS, EXPECTATION.

LESSON 14

Quiz - LESSON 14
1. ________________ are characteristics that define the quality of life in a society. They influence the behaviors, attitudes,
trends, tastes, and lifestyles of individuals.
Ans. Socioeconomic factors
2. These forces are continually in a state of change. Social factors relate to pattern of behavior, tastes and lifestyles.
Ans. Social environment
3. The creation of databases and electronic communications have enabled vast quantities of information to be
shared and quickly distributed in a modern company enabling vast cost reductions, and often improvements in
service.
Ans. Changes in technology
4. One of the main parameter of socioeconomic status in which it equips member of the society with the skills and
knowledge they required to be employed in different jobs and professions.
Ans. Education
5. It continually updating laws in a wide range of areas, such as consumer protection legislation, environmental
legislation, health & safety and employment law, etc.
Ans. Government
6. It includes geographical location, the climate, weather and other such factors that are not just limited to climatic
conditions.
Ans. Environmental factors
7. It is closely related to social environment. It also includes changes in the interest rate, wage rates, and the rate of
inflation (i.e. general level of increase in prices).
Ans. Economic changes
8. It is relate to changes in government influence and is tied up with legal changes.
Ans. Political changes

9-11. Give at least 3 recommendations in maximizing Positive impact to community.

* Divert a proportion of revenues to good and worthy causes for community development and outreach
programs.
*Find creative ways to improve the life of the firms’ employees and the community
*Establishment of linkage between business and community to thresh out some problems regarding social
and environmental issues and consultations
*Establishment of scholarship grants to poor but deserving students in the community
*Help build customer attraction, satisfaction and loyalty, at a time when customers are increasingly
exercising their right to choose
*Reduce risks of negative publicity, boycotts and tarnished public image
*Improve product image, brand name and reputation.
12-13. Give two ways on “How to Stay in Business”
*Financing and Cashflow
*Backup plans for meeting customer needs
14-16. What are the three basics in minimizing the negative impact on businesses?
*Communicate with those directly impacted
*Access to information
*Provide accurate hazardous materials and other safety documents to local officials.
17-21. Give four Effects of Business Viability to the Economy
*It provides a community jobs in the business sector;
*It produces taxable income for the community from both the business establishment and the workers.
*Government continuously makes improvement in community infrastructures such as: bridges, roads, sewers,
water or electric to entice other business to invest in the community.
*It contributes more opportunities for the people in terms of services such as improved health; peace and
order; social welfare and so on.
*It helps in the establishment of better schools, more businesses and even more jobs for its citizens.
*It leads to improved business services to the community.
*It improves community life.
22-25. Complete the statement: “considerations in managing supplier risk “alternate source” agreements are
(tooling), (well-guarded formulas), (raw materials), and (capacity).
26. An amount of money that an individual earn from their daily economic activities, be it employment, business or
investments.
Ans. Income
27. Refers to the type of jobs people perform by virtue of their skills, experiences or choices.
Ans. Occupation
28-30. Three steps in Minimizing the negative effect on business.
*First things first: Get your act together
*Follow up, speak up, engage
*Let time run its course