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Pre-Final Exam
Quiz by Judith Tabuac
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It is just a small portion of an industry. It is an undertaking by a person or group of persons who are partners of stockholders who own a juridical entity known as a corporation.
a. business
b. final goods
c. industry
d. policy
Which if the following business organization that is owned by a single individual who is singly responsible for running the business and is accountable for all debts and obligations related to the business?
a. cooperative
b. corporation
c. partnership
d. sole proprietorship
It is an agreement in which two or more persons combine their resources in a business with a view to making profit.
a. cooperative b. corporation c. partnership d. sole proprietorship
Which of the following internal factors of SWOT analysis that include can money and sources of funds for investments?
a. current processes
b. human resources
c. financial resources
d. natural resources
It is an external force of SWOT analysis that may include local, national and international financial trends, developments in the country’s stock market, reforms in the banking system, growth of the GDP.
a. economic trends b. demographic area
c. market trends d. national & local law
A supplier enjoys this power if there are a few suppliers of an essential input and they therefore control the supply of that input.
a. buyer power c. number of competitors
b. possibility of substitution d. supplier power
When it is easy to substitute products in a market, it is expected that buyers will switch to alternative in case of price increases.
a. buyer power c. number of competitors
b. possibility of substitution d. supplier power
analysisIt is an analytical framework that can help a company meet its challenges and identify new markets.
a. ASEAN
b. Industry analysis
c. environmental analysis
d. SWOT analysis
SWOT analysis template that project may replace imported good available in the market, will improve employee welfare and improved company reputation?
a. Strengths b. Opportunities c. Weaknesses d. Threats
a. competition b. customers c. suppliers d. industryThe target market must be identified. Who exactly will buy your products? What income groups? What income groups? What age brackets? What gender?
a. competition b. customers c. suppliers d. industry
In analyzing your industry you should identify the area whether local, regional, nationwide or international.
a. industry b. buyers c. geographic area d. regulatory environment
This involves a look at economic factors such as income of the people, specifically the target market, economic conditions such as inflation, recession, prosperity, demand, and supply in the market.
a. economic forces b. competition
c. cultures and lifestyles d. political factors
Which of the following environmental analysis that it is important to study cultural practices such as fiestas, celebration of the Christmas season, trends in consumption patterns, as a means to identify the goods and services that will fit into these celebrations and spending behaviour?
a. competition b. cultures and lifestyles
c. economic forces d. physical environment
What are the unprocessed goods like raw mineral, logs, and wheat, which are extracted from their sources and do not undergo any process of production?
a. intermediate goods b. final goods
c. raw materials d. labor
These goods are ready for direct consumption such as refrigerators, dresses or pants, these can sold to customers for their use.
a. intermediate goods
b. final goods
c. raw materials
d. labor
Which of the following producing sector of economy that can produces the intangibles supporting and complementing production in the other sectors as well as among its own industries?
a. agriculture
b. fishery
c. industrial sector
d. service sector
It is an economy producing sector supposedly processes raw materials from agriculture, fishery and forestry into intermediate products that are further processed into final products.
a. agriculture
b. fishery
c. industrial sector
d. service sector
This is semi-processed goods that are not ready for final use by the consumer, such as leather, cloth, and steel, which have undergone some processing but need to go through additional processing before they can actually use.
a. intermediate goods
b. final goods
c. raw materials
d. labor
Environmental analysis includes the types of government, the stability and strength of the government, and good leadership are factors that can be advantage to a business.a. competition
b. economic forces
c. political factors
d. physical environment
Which of the following is not included in guiding industry analysis?
a. a brief history of the industry c. product
b. buyers d. industrial
It refers to the use of economics resources to create goods and services that will be used to satisfy human wants.
a. input b. output c. production d. utility
Which of the following socio-economic impact of a business if the new business is selling a product that has close substitutes in the market, then the owner of the business will try his best to win the consumers away from the existing sellers by offering something that will benefit the buyers?
a. impact on the consumer c. impact on the government
b. impact on the community d. impact on households
A socio-economic impact of business through revenues earned on fees collected from them and on taxes imposed on the incomes of the business.
a. impact on the community c. impact on government
b. impact on households d. impact on suppliers and investors
It refers to the resources used to produce goods and services.
a. input b. output c. production d. total product
This includes factor payments such as remittances from overseas contract workers and profit remittances of foreign companies to their home countries.
a. capital
b. HERFINDAHL-HIRSCHMAN index
c. foreign currency
d. trade
When of the following output produced refers to the average contribution per unit of input and is equal to TP/i.
a. average product
b. marginal product
c. total product
d. production
It is combined production of several units of a given input.
a. average product
b. marginal product
c. total product
d. production
What is the significance of consumer behavior in business?
a. because consumer is the person who buys the product business offers for sale.
b. because we get to please the consumer, so he/she will buy from us instead of from
our competitors
c. because they can buy directly from the manufacturers.
d. because they are wholesalers or brokers who buy in big quantities.
The following are guides to industry analysis except:
a. company information b. buyers c. product d. profit
It is an emerging industry as expenditures of foreign tourist on related services such as hotels and restaurants, transport and entertainment.
a. agriculture and fishery b. manufacturing
c. trade & transport d. tourism
Who is the Philippine business icon in 2008, he was the 39th richest man in the Philippines with a net worth of US$?
a. Manuel Pangilinan b. Michael Pangilinan
c. Manuel Pangal d. Marlo Pangit
What type of socio-economic impact of a business if a new construction company is set up, then this opens opportunities for the other businesses that will supply them needs, many suppliers will now get a chance to sell to the newly established business.
a. impact on the government c. impact on the community
b. impact on suppliers and investors d. impact on households
What economy’s producing sectors comes the food we cook at home and the raw materials processed or used by other economic sectors?
a. agriculture, fishery and forestry c. service sector
b. industrial sector d. production
Which of the following internal factors of SWOT analysis includes employee programs, department hierarchies and software system etc.?
a. financial resources b. physical resources
c. human resources d. current processes
It is an assessment needs to be made on of how easy it is for buyers to drive prices down.
a. number of competitors c. buyer power
b. supplier power d. possibility of new entrants
Principles in creating a business