.

MODULE 2-
COURSEASSESSMENT-LONG
TEST

CO2. To understand the importance of corporate business strategies and innovations. To understand
RELATED COURSE OUTCOMES: the significance of entrepreneurial process in business.

TEST I: Multiple Choice. (2 points each)

1. This includes the governance system of the country or the local area of business. It includes all the
laws, rules, and regulations on allowable and disallowable business practices.
a. Intellectual property law
b. Franchise
c. Patent
d. Political Forces

2. A _________person who perceives a need and then brings together manpower, material and capital
required to meet the needs of the market.

3. It is mainly outlining all the things your company is doing in the present to reach your goal is called
_____________________.

4. An entrepreneur has dream and visualizes the ways and means in achieving dreams of the business is
termed as_________________.

5. A _______ entrepreneur consistently conceptualizes and executes the business model that she/he intends
to sell to shareholders, investors, or other businesses.

a. Serial Entrepreneur
b. Social Entrepreneur
c. Innovators
d. Industrial Entrepreneur

6. Primarily motivated by a deep desire to improve upon or fundamentally change, prevailing and detrimental
socio-economic and educational or environmental and health conditions,
a. Social Entrepreneur
b. Serial Entrepreneur
c. Innovators
d. Industrial Entrepreneur

7. It consists of intelligence and creative thinking of an entrepreneur.

a. Mental Ability b. Business Secrecy c. Business Process d. Effective Communication

8. It is concerned with justice and fairness of social policy.

a. Entrepreneur b. Economist c. Social Equality d. Social Equity

9. Entrepreneurs need a great deal of energy to see a venture start and succeed. Yet they are not
deterred by the long hours to achieve their goal.
a. Entrepreneurial Process
b. Leadership
c. Persistent
d. Innovative

10. Which of the following shows the commitment and continuity of one or two individuals to lead and
coordinate the enterprise leaders and coordinators to achieve objectives.

a. Leadership
b. Innovative
c. Persistent
d. Strategist
11. This includes the patterns of decisions that shape the venture’s internal resource configuration and
deployment and guide alignment with the environment.
a. Strategy
b. Planning
c. Vision
d. Mission

12. . This refers to new ideas, device or process. It can be viewed as the application of better solutions that
meet new requirements.
a. Innovation
b. Strategy
c. Planning
d. Business Plan

13. A situation where the cost of producing one unit of good or service decreases as the volume of
production increases.
a. Economies of Scale
b. Demographic
c. Cooperative
d. Geographic

14. It is the condition or situation that makes it difficult or costly for outside firms to enter.

a. Barriers to entry
b. Environment Factor
c. Business Model
d. Mission Statement

15. Which of the following consists of developing new products, understand customer segments, reduce
cycle time, provide rapid response and cross selling the product line?
a. Socio Economic b. Legal c. Business Model d. Business Process

16. It is the study of the market based on where customers live.

a. Business Plan b. Demographics c. Business Process d. Geographic

17. A type of trade barrier imposed by the government as a tax on imported goods.
a. Permit b. License c. VAT d. Tariff

18. A word, symbol or design or color that a business uses to identify itself followed by registered symbol..
a. Trademark
b. Goodwill
c. Patent
d. Franchise

19. Which of the following refers to the group of laws that regulate the ownership and use of creative
works”
a. Intellectual Property law
b. Franchise
c. Business Opportunity
d. Patent

20. The interconnected economies of the nations of the world.

a. Global Economy
b. Globalization
c. Economic Performance
d. Political Forces
Q3
 TEST II: ESSAY (20 Points each)

CASE ANALYSIS NO. 1

Surprise export growth lifts foreign trade in

September
Philstar.com
November 4, 2022 | 12:10pm

MANILA, Philippines — Foreign trade climbed up in September as exports picked up amid a growing
import bill, resulting in a smaller trade deficit.

The Philippines’ external trade grew 11.3% year-on-year to $19.14 billion in September, data from the
Philippine Statistics Authority released Friday showed. This was slower compared to the 15% annual
growth rate in August. 

Broken down, exports rebounded 7% year-on-year to $7.16 billion in September. The country’s top
export, electronic products, improved 19.3% annually to $4.51 billion in the same period.

Imports grew at a slower clip of 14.1% year-on-year to $11.98 billion in September as fuel shipments proved
persistently expensive. 

The country’s trade deficit, which occurs when imports bill outgrows export sales, totaled $4.82 billion
in September, narrowing 20% compared to the previous month. The trade gap widened 26.5% on an
annual basis.

Source: https://www.philstar.com/business/2022/11/04/2221515/surprise-export-growth-lifts-foreign-
trade-september

Shown above is an article from Phil Star News.

Q1) Do you consider benefits on this reading? State your reasons.

Q2) As an Entrepreneur, what assistance you can help to lessen the burden suffered by common
Filipinos in facing some economic issues and problems on business operations?

Explanation:
 CASE NO.2:

Philippines upgrades Q2 GDP to 7.5%

Ramon Royandoyan - Philstar.com
November 9, 2022 | 2:05pm

MANILA, Philippines — Economic growth in the second quarter was revised higher by the Philippine
Statistics Authority as construction and real estate activities proved stronger than initially reported.

State statisticians said in a statement on Wednesday that the gross domestic product in the April-
June period now stood at 7.5%, slightly higher than the previous 7.4%.

The latest figure takes into account a larger set of data that include those belatedly reported by agencies and
therefore were not considered in computing initial GDP numbers. Revisions are typically made by the PSA to
better reflect the state of the economy.

The PSA revised GDP growth in the second quarter as three economic subsectors warranted
marginal increases. Construction inched up to 19.5%, real estate and ownership of dwellings rose
4.4% and manufacturing climbed to 2.2%. 

In the Marcos administration's first year in power, growth target was revised to churn 6.5-7.5%, lower
compared to the previous government’s projection of 7-8%.

Source: ://www.philstar.com/business/2022/11/09/2222575/philippines-upgrades-q2-gdp-75

Q1: The article was coming from PhilStar News. Do you consider some benefits from this
reading?
Q2. Do you think this is important as part of your business corporate goal? Why yes or no? What do you
think are the other performance indicators of Phil. Economy? Explain each briefly.

Explanation:
_
 Traits Very Good
(2)
QUALITY OF
WRITINGS
Demonstrates the ability to
construct a clear and
insightful statement or
analysis approach with
evidence of all relevant
contextual factors.
GRAMMAR, USAGE
AND MECHANICS
Identifies multiple
approach best for solving
the problem or conduct
the analysis that is relevant
and address the specific
context.
CONTENT AND Discussion of solution is
IDEAS deep and elegant,
COMPOSITION contains thorough and
insightful
explanation,basedonlogic/
reasoning, examines
feasibility of solution, and
weighs impacts of solution
with awareness of alternative
assumptions and
recognition of its limitation.
Articulate the solution or
Complete the task(s) by
answer in appropriate
choosing a format, language,
way and relevant
or graph (or other visual
format
representation) in ways that
enhance meaning, making
clear the interdependence
of language and meaning,
thought, and expression.
COMMENT
Satisfactory
(1)
Demonstrates the ability to
construct a statement or
analysis approach with
evidence of most relevant
contextual factors in
adequate details.
Identifies only a single
approach for solving the
problem or conduct the
analysis that is relevant and
address the specific context.
Discussion of solutions is
adequate and based on logic/
reasoning, examines feasibility
of solution, and weighs impacts
of solution with a single
assumption without recognition
of its limitation.
Complete the task(s) by
choosing a format, language,
or graph (or other visual
representation) to explicitly
connect content and form,
demonstrating awareness of
purpose and audience.
Unsatisfactory
(0)
Demonstrates a limited ability
in identifying a statement or
related contextual factors.
Identifies one or more
approaches for solving the
problem or conduct the
analysis but they are
irrelevant orfailedtoaddress
the specific context.
Discussion of solutions is
superficial such as subjective
opinion or preference instead
ofbased onlogic/ reasoning,
examines feasibility of
solution, and
weighsimpacts of solution.
Failed tocomplete the task(s)
in an appropriate form as
specified.