2nd Quarterly Long Test in Applied Economics

ASKI Skills and Knowledge Institute, Inc.
Talavera Agricultural and Social Enterprise Training Center (TASEC)

Brgy. Sampaloc, Talavera 3114, Nueva Ecija, Philippines
2nd Quarterly Long Test in Applied Economics

Name: ________________________________________________ Score: _________________
Grade & Section: ________________________________________________ Date: _________________
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
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?
Building Skills, Creating Opportunities

TRANSFORMATION Ӏ DISCIPLINE Ӏ EXCELLENCE
ASKI Skills and Knowledge Institute, Inc.
Talavera Agricultural and Social Enterprise Training Center (TASEC)
Brgy. Sampaloc, Talavera 3114, Nueva Ecija, Philippines
A. SWAT
B. SWOT
7. David was investing in stock market. He is also doing stock trade. One of the organizations that he has an
investment was Metropolitan Bank & Trust Company (Metrobank). Metrobank allows you to invest with them
by buying some shares or stocks and gain some profits from the stocks you bought. What type of business
organization does Metrobank categorized?
B. Partnership
C. Corporation
D. Cooperative
8. In Tabacao, Talavera, Nueva Ecija, there is an organization whose goals are to help its members to meet their
specific needs especially in rice farming. Its members have the similar goals that’s why it was formed. What
type of business organization was mentioned on the situation?
B. Partnership
C. Corporation
D. Cooperative
9. Mr. Salazar is managing a business. It is struggling right now because of the pandemic. He wants to get rid with
the external factors affecting the business. What is the best analytical tool he can use so that he can respond on
how the business can survive despite of the external factors?
A. SWAT
B. SWOT
10. You were given an opportunity to start your own business. You want to study how does number of competitors
can affect a certain business. What analytical tool must be used to address this concern?
A. SWAT
B. SWOT
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.
Building Skills, Creating Opportunities

TRANSFORMATION Ӏ DISCIPLINE Ӏ EXCELLENCE

2nd Quarterly Long Test in Applied Economics

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ASKI Skills and Knowledge Institute, Inc.

Talavera Agricultural and Social Enterprise Training Center (TASEC)

2nd Quarterly Long Test in Applied Economics

Building Skills, Creating Opportunities

Building Skills, Creating Opportunities

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