Good Luck and God Bless!: Second Quarter: Module 1 Sum-Up Exercises in Applied Economics

Sto.
Niño Formation and Science School – Night Class

Rosario, Batangas
SECOND QUARTER: MODULE 1

SUM-UP EXERCISES IN APPLIED ECONOMICS
ABM 11
Name: Date:
Gr. & Sec: Score:
“Education is the passport to the future, for tomorrow belongs to those who prepare for it today”
Good Luck and God Bless!

GENERAL DIRECTION: Any form of erasure or alteration for the final answer means wrong. Use black pen only.
PART I
A. PROBLEM-SOLVING
Renz wants to have a business but he doesn’t know what type of business he will engage in. Let’s help him by giving the type of
business organization that being described in each number.
_______________________1. The simplest business form under which one can operate a business.
_______________________2. Two or more people share ownership of a single business.
_______________________3. A form of business operation that declares the business as a separate, legal entity guided by a group of
officers known as the board of directors.
_______________________4. Firm owned, controlled, and operated by a group of users for their own benefit.
_______________________5. A legal form of business operation between two or more individuals who share management and
profit.
B. ANALYSIS
Directions: Identify the following words if it is Strength, Weakness, Opportunity or Threats. Write the correct answer on the space
provided.
S- Strength
W- Weakness
O- Opportunity
T-Threats
_________6. Low capital requirements
_________7. Entry of Competitors
_________8. Possible pollution problems
_________9. Lack of training of workers
_________10. Will improve employee welfare
_________11. Time consuming production processes
_________12. Costly set-up
_________13. Experience leaders
_________14. Market acceptance
_________15. Improved Company reputation
C. SYNTHESIS
Directions: Read the following statement. Write the correct answer on the space provided.
A- If the first statement is correct and second statement is wrong
B- If the first statement is wrong and the second statement is correct
C- If both statements are correct
D- If both statements are wrong
_________16. Substitutes are goods that can be used in place of another.
A business owner can buy directly from the manufacturer.
_________17. An industry is a small portion of a business
Industry is the aggregation of the different businesses engaged in the same line of undertaking
_________18. Raw materials are unprocessed goods.
Final goods are goods that are ready for direct consumption.
_________19. The Service Sector produces the tangibles supporting and complementing production in other
sectors.
The Industrial Sector produces raw materials from agriculture, fishery and forestry.
_________20. Circular flow is the flow of activities of household and firms in circular direction.
SWOT analysis created in the 1990s by business gurus, Edmund P. Learned, C. Roland Christensen,
Kenneth Andrews and William D. Book.
D. INTERPRETATION
Directions: Complete the diagram below.
PORTER’S FIVE FORCES OF COMPETITIVE POSITION ANALYSIS
21.
23 25. 22.
24.
E. APPLICATION
Enumerate five examples of Service Sector
26.
27.
28.
29.
30
PART II.
A. PROBLEM SOLVING
Renz already decided to have a business of his own. He would like to put a coffee shop in their town but he needs your help to
assess the internal and external forces that may affect his business. Help him by providing a SWOT Analysis for his business. Use
the diagram of SWOT Analysis below.
31-32
34
33 35
B. ANALYSIS
Directions: Identify what sector does each word belongs. Write the correct answer on the space provided.
_________36. Manufacturing
_________37. Construction
_________38. Banking and Finance
_________39. Trade
_________40. Logs
C. SYNTHESIS
41. Environmental Analysis: Economic Forces:________________________:Customers
42. Service: Real Estate:________________________:Mining
43. Type of government: Political Factors: Population size: ________________________
44. ________________________:Fiestas: Economic Forces: Income
45. ________________________:Producers: Household: Consumer
D. INTERPRETATION
46
47
E. APPLICATION
Directions: Explain The Circular Flow of Economic Activity.
51-55
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God Bless 😊
Prepared by:
Rio Jaena T. Dimayuga

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Sto.

Niño Formation and Science School – Night Class

SECOND QUARTER: MODULE 1

Good Luck and God Bless!

Rio Jaena T. Dimayuga

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