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Entrepreneurship: Module 3

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A. think like a businessmen B. Please choose the most appropriate answer for each questions C. 20 seconds only per questions to avoid cheating D. Good Luck
Ruzzel Roi Rimorin
Quiz by Ruzzel Roi Rimorin, updated more than 1 year ago
Ruzzel Roi Rimorin
Created by Ruzzel Roi Rimorin over 6 years ago
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Resource summary

Question 1

Question
This refer to the element in society resulting from human interaction that can influence the thought, behavior, attitude, actions and even the belief and custom of the people?
Answer
  • Cultural Force
  • Societal Force
  • Societal Environment
  • Environmental scanning

Question 2

Question
This is an element in political force that includes anti-trust law, which prohibits anti-competitive acts like price fixing, monopolistic conduct, and deceptive practices. This also includes consumer protection law, advertising law, franchise law and tarriff
Answer
  • Trade Regulation
  • Import Restriction
  • Trade Restriction
  • Article 16 Section 9 of the 1987 Phil. Constitution

Question 3

Question
All are reasons why businessmen should consider the government stability of a country, except
Answer
  • Businessmen wants fair competition
  • Assurance that the taxes they pay will go to public funds
  • To use the government corruption as an opportunity to grow
  • Assurance that the country will not engage in a war or civil war

Question 4

Question
Basically refers to the integrated characteristics of a group of people or ethnic group in a particular society
Answer
  • Societal Force
  • Cultural Force
  • Societal Environment
  • Environmental Scanning

Question 5

Question
This is the adjustment of spending levels and tax rates
Answer
  • Inflation rate
  • Fiscal Policies
  • Monetary Policies
  • The law of diminishing marginal utility

Question 6

Question
This is where the central bank influences the nation's supply of money
Answer
  • Fiscal Policies
  • Monetary Policies
  • Fiat Money Control
  • Inflation Control

Question 7

Question
This shows good ___________ because the citizen of the country has a positive image of the current or for the future of the economy
Answer
  • Government Stability
  • Consumer Confidence
  • Government-Citizen Affair
  • PPP or Public Private Partnership

Question 8

Question
All are reason why businessmen should consider exchange rate, except
Answer
  • To buy more staff for the same amount of money
  • This place a huge role in business outsourcing
  • To know the price whether its import or export
  • To know the potential customers

Question 9

Question
This is refers to the consumer act of the Philippines, except
Answer
  • To have an exact and definite definitions of various business terminologies
  • Protect the consumer from unethical business tactics
  • Protect the health and safety of the consumer
  • Control the number of appearances of an advertisement in television per day

Question 10

Question
This is a framework or tool used by marketers to analyse and monitor the macro-environmental (external marketing environment) factors that have an impact on an organisation
Answer
  • SMART analysis
  • SWOT analysis
  • PESTEL analysis
  • Charles Analysis

Question 11

Question
A line from point A and B shows rise in the economy because the...
Image:
Business Cycle (binary/octet-stream)
Answer
  • Low tax rate, low supply of money, and high consumer expenditure
  • High tax rate, High supply of money, and Low consumer expenditure
  • Low tax rate, high supply of money, and high consumer expenditure
  • High tax rate, low supply of money, and low consumer expenditure

Question 12

Question
The economy will cool off by
Image:
Business Cycle (binary/octet-stream)
Answer
  • A. Increasing the tax
  • B. The central bank will halt the production of money
  • C. The central bank temporarily abandons fiat money to promote credit money
  • D. By Demonetizing the currency
  • E. Both A and B
  • F. Both C and D
  • None of the above

Question 13

Question
If a line from point D and H happen, expect
Image:
Business Cycle (binary/octet-stream)
Answer
  • A. Inflation rate will rise significantly
  • B. Shortage of product will occur
  • C. Price of common good in the market will rise significantly
  • The answer is A, B and C
  • none of the mentioned

Question 14

Question
All are reasons why businessmen should know the rise and fall of the economy, except
Image:
Business Cycle (binary/octet-stream)
Answer
  • To know when will demand increase or decrease
  • To make an appropriate tactic depending to the economic situation
  • To do their part to the economic growth
  • To Influence the supply of money and tax rate

Question 15

Question
If a line from point F and G, happen expect all except
Image:
Business Cycle (binary/octet-stream)
Answer
  • Low consumer confidence
  • Surplus of various product will occur
  • Some business will close
  • The government will increase tax rate to fund its social welfare programs
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