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Test I. Multiple Choice. Choose The Letter Which Corresponds To The Correct Answer and Put It On The Space Provided Before Each Number

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Jessa Gallardo
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103 views

Test I. Multiple Choice. Choose The Letter Which Corresponds To The Correct Answer and Put It On The Space Provided Before Each Number

Uploaded by

Jessa Gallardo
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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1st Monthly Assessment in

Business Ethics and Social Responsibility


ABM -12

Name: ________________________________ Date: _________________

Grade/Strand: ________________________ Score: ________________


Test I. Multiple Choice. Choose the letter which corresponds to the correct answer
and put it on the space provided before each number.

________1. This is an entity that aims to earn a profit by providing products to satisfy the
needs of the market.
a. business organization c. distribution
b. consumption d. operation

________2. The Dow Jones industrial average swept past 12,000 for the first time. Investors
are increasingly optimistic about corporate earnings and the economy. This achievement MOST
likely involved which type of business organization?
a. conglomerate c. partnership
b. corporation d. proprietorship

________3. What kind of business is BEST described by these statements? I am the only owner
of my business. I take all the risks of doing business. I keep all the profits.
a. cooperative c. partnership
b. corporation d. proprietorship

________4. Choose from the options that best describe an entrepreneur.


a. enforces government regulations
b. takes the risk to earn profit
c. sets the interest rates at banks
d. manages financial investments

________5. A form of business organization that is authorized to act as a legal entity regardless
of the number of owners.
a. corporation c. partnership
b. proprietorship d. distributor

________6. What is disadvantage of partnership?


a. ease of formation c. limited liability
b. owners share responsibilities d. possibility of personality conflict

________7. In a corporation, owners share profit, but liability is limited to___________.


a. distribution c. theft
b. investment d. production

________8. What is the advantage of corporations?


a. minimal government regulation c. short life span
b. limited liability d. has one owner

________9. This is person who takes a risk to produce and services in search of profit.
a. baliff c. magistrate

4TH MONTHLY ASSESSMENT IN BUSINESS FINANCE 1


b. entrepreneur d. profiteer

________10.

a. Hard assets c. liquid assets


b. stock change d. financial assets

Test II. Modified True or False. Two statements are given. If only the first statements is
true, answer A; if only the second statement is true, answer B; If both statements are true,
answer C; if both statements are false, answer D. Write your answers on the space provided.

________11. Personal financial planning helps in enhancing an individual’s quality of life.


Through careful financial planning, risks and and uncertainties associated with money are not
being reduced.

________12. Through financial planning, resources are properly managed. It helps in the
process of properly identifying sources of money and inappropriate uses for such.

________13. A sense of freedom from financial worries obtained by looking to the future,
anticipating expenses, and reaching your individual economic goals. Financial planning reduces
fear of the unknown, it reduces our fears and worries for future unanticipated expenses
because its already seen them through financial planning.

________14. Improving personal relationships resulting from well-planned and effectively


communicated financial decisions. Through financial planning, an individual is led towards
making sound and wise financial decisions.

________15. The personal financial management involves a lot of decision making. In the
process of handling our personal finances. The main decision areas are spending, saving,
sharing.

Test III. Enumerate money management philosophies and give one sentence that describe
each philosophies.

Money Management Philosophies Description of each philosophies


16. 17.

18. 19.

20. 21.

22. 23.

24. 25.

4TH MONTHLY ASSESSMENT IN BUSINESS FINANCE 2


26. 27.

Test IV.

28-30. Base on the situation given, illustrate the money management cycle and
identify which part of the situation is the practices of earning, spending, and
investing money. Use separate sheet of paper.

In light of the personal financial planning process, let us use the case of Silver. Silver is a senior
high school student who is bound for college in the next school year, She plans to become a
Certified Public Accountant (CPA) once she finishes her degree in accountancy. Silver receives a
₱500 weekly allowance from her parents that she can use to pay for her personal necessities in
school. If there would be a need for additional resources, her parents are willing to provide for
her. Silver makes it a point that she gets to save 20% of her weekly allowance. Aside from that,
Silver works during weekends in their family owned grocery store. She works as a clerk during
Saturdays and Sundays if time permits her. She receives a P150 per day allowance form her
parents for her grocery store work. From today, it is only 14 weeks away from the start of the
next school year. Silver would want to surprise her parents, by deciding to personally pay for
her college textbooks, in order to reduce the financial burden of her parents. An older relative
told Silver that ₱5000 would be a sufficient allocation for her textbook expenses.

4TH MONTHLY ASSESSMENT IN BUSINESS FINANCE 3

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