HINIGARAN INSTITUTE INC.

Riverside, Hinigaran Negros Occidental

PRE-FINAL EXAM
Applied Economics
Grade 12
September 21-22, 2017

NAME:_______________________________________LRN:_____________________SCORE:

GRADE&SECTION:______________________________DATE:____________________

I. MULTIPLE CHOICE
INSTRUCTIONS: Read the following questions carefully and encircle the letter of your choice.
(NOTE: Be careful of your choice because disappointment follows hereafter!:p)

1. It is a work relating to production, buying and selling of goods and services.

a. business b. industry c. firm d. None of these

2. This is the simplest way in setting up a business.

a. Sole Proprietorship b. Partnership c. Corporation d. Cooperative

3. Is an entity organized by people with similar needs to provide themselves with goods or services or to jointly use
available resources to improve their income?
a. Sole Proprietorship b. Partnership c. Corporation d. Cooperative

4. It is an analytical framework that can help a company meet its challenges and identify new markets.
a. Industry Analysis b. SWOT Analysis c. Environmental Analysis d. None of these

5. When was Porter’s Five Forces of Competitive Analysis developed?

a. 1976 b. 1977 c. 1978 d. 1979

6. One of the Porter’s Five Forces which has the ability to drive up prices.
a. supplier power b. buyer power c. Number of competitors d. None of these

7. It is an act or process of trying to get or win something over one’s rivals.

a. competition b. customers c. suppliers d. subtitutes

8. It is an aggregation of the different businesses engaged in the same kind of undertaking

a. industry b. business c. firm d. corporation

9. Studies the conditions in an industry at a particular time including the behavior of and relations between competitors,
suppliers and customers.
a. Industry analysis b. Environmental analysis c. Porter’s Five Forces d. None of these

10. Refers to an evaluation of the possible and probable effects of external forces and conditions on the survival and
growth of the business.
a. Industry analysis b. Environmental analysis c. Porter’s Five Forces d. None of these

II. TRUE or FALSE

INSTRUCTIONS: Analyze the following statements carefully. Write HOORAY if it is TRUE and BURN if it is FALSE. Write
your answer on the space provided.

1. Unlimited liability is one of the disadvantages of a Sole Proprietorship 1. _______________

2. Partnership is an association of two or more persons who are co-owners of a business 2. _______________
3. The proponent of Porters Five Forces of Competitive Position Analysis is Michael V. Porter. 3. _______________
4. Intermediate Goods are semi-processed goods which are not ready for final use by the
Consumers. 4. _______________
5. Porter’s Five Forces of Competitive Position Analysis helps in identifying if new products
Or services are potentially profitable. 5. _______________
IV. ENUMERATION
INSTRUCTIONS: Enumerate the following
1. What are the Four Business Organizations?
a.
b.
c.
d.

2. Porter’s Five Forces of Competitive Position Analysis

a.
b.
c.
d.
e.

III. DRAW ME UP!

INSTRUCTIONS: Draw the Porter’s Five Forces of Competitive Position Analysis model

GODBLESS!!

Prepared by:
Jane E. Saguta-on
Subject Teacher