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    APPLIED CON SUMMATIVE TEST 2nd-2nd Sem 2021

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    Ringk Kring
    This document contains a summative test for an Applied Economics class. The test has two parts: 1. A multiple choice section with 10 questions testing concepts like globalization, income, viability, and risk management. 2. A true/false section with 10 statements testing concepts like direct labor costs, employee turnover, taxation, and business costs. It also includes an enumeration section requiring students to fill in 14-20 items related to trends in information and communication technology, mobile technologies, and tips for staying safe online. The test was prepared by the subject teacher for the class.

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    © All Rights Reserved
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    APPLIED CON SUMMATIVE TEST 2nd-2nd Sem 2021

    Uploaded by

    Ringk Kring
    145 views3 pages
    This document contains a summative test for an Applied Economics class. The test has two parts: 1. A multiple choice section with 10 questions testing concepts like globalization, income, viability, and risk management. 2. A true/false section with 10 statements testing concepts like direct labor costs, employee turnover, taxation, and business costs. It also includes an enumeration section requiring students to fill in 14-20 items related to trends in information and communication technology, mobile technologies, and tips for staying safe online. The test was prepared by the subject teacher for the class.

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    APPLIED CON SUMMATIVE TEST 2nd-2nd sem 2021

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    This document contains a summative test for an Applied Economics class. The test has two parts: 1. A multiple choice section with 10 questions testing concepts like globalization, income, viability, and risk management. 2. A true/false section with 10 statements testing concepts like direct labor costs, employee turnover, taxation, and business costs. It also includes an enumeration section requiring students to fill in 14-20 items related to trends in information and communication technology, mobile technologies, and tips for staying safe online. The test was prepared by the subject teacher for the class.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    145 views3 pages

    APPLIED CON SUMMATIVE TEST 2nd-2nd Sem 2021

    Uploaded by

    Ringk Kring
    This document contains a summative test for an Applied Economics class. The test has two parts: 1. A multiple choice section with 10 questions testing concepts like globalization, income, viability, and risk management. 2. A true/false section with 10 statements testing concepts like direct labor costs, employee turnover, taxation, and business costs. It also includes an enumeration section requiring students to fill in 14-20 items related to trends in information and communication technology, mobile technologies, and tips for staying safe online. The test was prepared by the subject teacher for the class.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    ALEJANDRO FIRMEZA MEMORIAL NATIONAL HIGH SCHOOL

    Aguiauan, Miagao, Iloilo

    APPLIED ECONOMICS
    Summative Test

    Name:____________________________ Grade/Section:___________Date:___________Score:________

    Test I. Direction: Choose the letter of the correct answer. Write your answers on the space before each
    number.
    _______1. The location of countries influences on the trades that businesses do:
    A. Environmental factor B. Political change C. Government D. None of the above
    _______2. In backing up plans one must have:
    A. Alternative sourcing B. Support customers plan C. Strategic planning D. None of the above
    _______3. It is the process of international integration arising from the interchange of world views, products, ideas and
    other aspects of culture:
    A. Nationalism B. Industrialization C. Globalization D. Internalization
    _______4. Across the globe, businesses expect resource companies to maintain:
    A. Code of conduct B. Ethical Standard C. Norms and Rules D. All the above
    ________5. One of the negative effect of globalization is:
    A. Free competition B. Aggravates income C. Market Inconvenience D. None of the above
    ________6. The amount of money individuals earns from their daily economic activities, be it employment, business or
    investments:
    A. Income B. Salary C. Wage D. All the above
    ________7. Responsible leadership requires:
    A. Industry business plan B. Organizational plan C. Company plan choices D. Risk management plan
    ________8. It is defined as the ability to survive:
    A. Durability B. Flexibility C. Stability D. Viability
    ________9. This relates to changes in government influence:
    A. Economic change B. Environmental change C. Government D. Political change
    ________10 The first and most important step as your business engages in damage control associated with a negative
    impact is to:
    A. Identify the problem and correct it
    B. Solve immediately the problem at hand
    C. Conduct a meeting to solve the problem
    D. Let time solve the problem

    Test II.TRUE or FALSE

    Direction:Write TRUE if the statement is correct and FALSE if it is incorrect. Write your answers on the space before each
    number.

    ___________1. The labor costs is the total cost of all labor used in a business.
    ___________ 2. A carpenter wage is an example of direct labor cost.
    ___________ 3. The salaries of engineers who prepared the program of work of an irrigation project is a direct
    labor cost.
    ___________4. The low employee turnover may cause company to incur losses.
    ___________5. Competition among businesses could not affect their profit.
    ___________6. Business owners will resort to squeezing profit or to reducing employment if there is reduction
    in minimum wage.
    ___________7. Double taxation means, the government will tax the corporation’s profit and the income
    (dividend) of its owners, the stockholders .
    ___________8. The unit price and the unit labor cost should be minimized in order to maximize profit.
    ___________9. Complicated and excessive taxes may discourage all investors to put their capital in business.
    ___________10. High business taxes is the same as rising the cost of products which will result to high prices.

    Prepared by :

    Miss Jonadhe C. Mondeja


    Subject Teacher

    Noted by :

    ______________________________
    Parent/Guardian Name and Signature

    App Econ/2020/[email protected]
    #2nd summative test/2nd quarter /1/1/2021
    Test II. Enumeration: Write the correct answer.

    1-4 Trends in ICT


    1.________________________________________
    2.________________________________________
    3.________________________________________
    4.________________________________________

    5-7 Mobile Technologies

    5. _______________________________________
    6._______________________________________ 14-20 Tips to Stay Safe Online
    7._______________________________________
    14. ______________________________________
    8-15 Features of Web 2.0 15.______________________________________
    8. ______________________________________ 16.______________________________________
    9. ______________________________________ 17.______________________________________
    10.______________________________________ 18.______________________________________
    11.______________________________________ 19.______________________________________
    12.______________________________________ 20._____________________________________
    13.______________________________________

    Mil/2019/[email protected]
    #summative SCORE:

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