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2nd Quarterly Long Test in Applied Economics
2nd Quarterly Long Test in Applied Economics
PART I. MULTIPLE CHOICES. Analyze each question carefully and choose the letter of the correct answer. (2
points each)
1. Mrs. Santos wants to create her own business on their barangay. Her business was focused in
selling various kinds of shoes. The capital for the business will be funded by her own money and
the management will be mainly in-charged by herself so that all the profits that the business
will earn enjoys by herself. Based on the situation, what type of business organization does the
business of Mr. Santos categorized?
A. Sole Proprietorship
B. Partnership
C. Corporation
D. Cooperative
2. Mr. Morelos owns a restaurant located at Talavera, Nueva Ecija. He wants to analyze how he can
improve the process of his restaurant to become more popular within the municipality, by
identifying its strengths and weaknesses. On your opinion, what will be the best business
analytical tool he can use to meet his goals?
A. SWAT
B. SWOT
C. Proter’s Five Forces
D. Porter’s Five Forces
3. Mr. Dela Cruz wants to start a business within their municipality. But he doesn’t have any
background on how to identify what is the best business should he start. If you were Mr. Dela
Cruz, what analytical tool will you use to have an idea what business should you create on your
locality?
A. SWAT
B. SWOT
C. Proter’s Five Forces
D. Porter’s Five Forces
4. You and your friend Miguel decided to have a business. You started selling authentic Nike and adidas shirts.
The capital of your business was both from your own pocket and you have invested exact amount for the said
capital. The profit gained by your business was equally divided to both of you. What type of business
organization was showed on the given situation?
A. Limited Partnership
B. Unlimited Partnership
C. General Partnership
D. Specific Partnership
5. Nerissa was doing a business with her two friends, Celine and Andrea. They sell overrun shirts online. Their
business gained much profit that gave them a chance to establish their physical store. Nerissa was solely in-
charge on managing their business that gives her a right for a greater percentage on the profit of the business.
What type of partnership was referred to the situation?
A. Limited Partnership
B. Unlimited Partnership
C. General Partnership
D. Specific Partnership
6. Michael wants to establish a milk tea business in Cabanatuan City but he observed that there were many milk
tea shops near on his desired location. He wants to evaluate what will be the successfulness of his desired
business on the said location. What analytical tool would you suggest to Michael to use for evaluation?
Part II. ESSAY WRITING. (10 points each) Analyze the question carefully and write your answers based on the
given rubric.
Question: What will be the Socio-Economic Impact of a Business on the following areas:
1. Impact on Government (10 points)
2. Impact on Household (10 points)
Criteria 1 2 3 4 5 Score
Content The ideas The ideas The ideas The ideas The ideas
presented are presented are presented presented are presented
vague. moderately are quite correct but are correct.
unclear. correct with error
Topic Relation The ideas The ideas The ideas They ideas The ideas
presented are presented are presented presented are presented
totally no moderately are quite related to topic are related
relation to the related to related to but quite to the topic.
topic. topic. topic. unclear.