Part I. TRUE OR FALSE: ANSWER THE FF.

QUESTIONS
1. The Philippines is saddled with low productivity in the workplace.
2. the Philippine economy continues to grow and do considered to be one of the economic tiger of asia.
3. Graft and corruption in the government is present still in the Philippine society
4. The Philippine peso is not declining nowadays.
5. Business success has always been associated with economic growth.
6. A major reason for business failure is the businessmans lack of sufficient skills in managing finance.
7. Business continues to provide mankind with the basic necessities like food and shelter.
8. Business entities are means to develop a countries economy.
Business is any 9._______ economic activity concerned with the 10.________ and/or distribution of goods or services for
11.___________.
12-15 three categories/kinds of business
Part II. Determine whether the following is classified as a business. If it is classified as a business answer YES, if otherwise
answer NO.
1. Tailoring shop
2. Ice cream parlor
3. Agricultural farm
4. Marijuana plantation
5. Shabu laboratory
6. Nail care shop
7. Cocaine laboratory
8. Custom broker firm without permit
Part III. Identify the ff. whether it is under commerce, industry, services.
1. Rice business
2. Sari-sari- store
3. Sun mart warehouse
4. Waterworld Iloilo
5. Philam life
6. Sarao jeepney company
7. Veong construction supply
8. Bdo insurance
9. PLDT telephone/internet provider
Ukay-ukay store