Republic of the Philippines

DEPARTMENT OF EDUCATION
Region II - Central Luzon

MID – TERM EXAMINATION

Name: _____________________________________ Score: _____________

Test I: Direction: Choose the letter of the correct answer and write the letter of your choice on your answer sheet.

1. Ethic is the standard of conduct by which one’s action are judged as________ .
A. fair or unfair B. right or wrong C. honest or dishonest D. an integrity
2. What best describes a partnership as a form of business organization?
A. is a separate legal entity
B. is a common service-type business
C. enjoys unlimited life
D. has limited liability
3. It is a kind of organization owned by one person.
A. Sole Proprietorship C. Corporation
B. Partnership D. Association
4. It is an association of two or more people as partners.
A. business partner B. business ventures C. partnership D. corporation
5. It is the first step required in forming a corporation.
A. Select a name C. Create corporate by laws
B. Maintain corporate minutes D. File your articles of incorporation
6. A kind of business that consist of stockholders that have limited liability.
A. sole proprietorship B. marketing C. partnership D. corporation
7. It is an entity in which economic resources are put together to have output/products for the customers.
A. corporation B. Business C. operation D. manufacturing
8. These are moral principles that guide the conduct of individuals.
A. reasons B. ethics C. morals D. manner
9. It is conceptualized as a deficiency or shortage of something.
A. issues B. poverty C. pressure D. prominent
10. It is the monetary amount charged for the product exchange.
A. Dollars B. Price C. Money D. Value
11. It is the time and effort of the consumer puts into the shopping process.
A. Hobby B. Hassle C. Money D. Wasted time
12. It is the desired result of an activity in the marketing field.
A. Gain B. Objective C. Distribution D. Profit
13. Who is the most important factor in the company’s microenvironment?
A. Customer B. Seller C. Employee D. Manager
14. Which of the following is the most least among human wants?
A. Knowledge B. Beauty C. Money D. Personality
15. Who is highly satisfied with his purchased when it is more likely to make a repeat purchased?
A. Company B. Producer C. Employer D. Consumer
16. Which of the following does not belong to the service industry?
A. Housekeeping B. Manufacturing C. Nursing D. Banking
17. It is the process of identifying, analyzing, choosing and exploiting marketing opportunities to fulfil the company’s mission.
A. Strategic Planning B. Tactical Plan C. Strategic Marketing D. Complex Marketing
18. It is a type of plan that affects the long run competitive time position of the firm.
A. Tactical Plan B. Marketing Plan C. Strategic Plan D. Research Plan
19. When a person is deprived of its basic necessities like food, clothing and shelter; a person is deprived to his/her________.
A. needs B. wants C. satisfaction D. dreams
20. It is the type of research that looks into the source of shares of competition.
A. Advertising Research B. Sales Research C. Product Research D. Research Plan
21. What is the other term for transparency?
A. accountability B. openness C. communication D. multitasking
22. What does open communication means?
A. opinions and ideas B. excess knowledge C. humanities D. correction/problem
23. It refers to the principles of morality and rules of conduct.
A. Trust B. Honesty C. Business Ethics D. Code of Ethics
24. It is the quality of making judgements that are free from discrimination.
A. Code B. Ethics C. Responsibility D. Fairness
25. Which of the following occurs when an individual is involved in multiple interests?
A. impropriety B. conflict of interest
C. multitasking D. ethical lapse
26. Which of the following statements is true?
A. Personally, I currently do not have a philosophy.
B. Real philosophy is only found in an academic environment.
C. A “worldview” may be defined as a philosophical belief system.
D. Philosophy varies in different aspects.
27. Metaphysics can be defined as _______.
A. that which is logical C. analysis and synthesis
B. study and discourse D. theories beyond physical
28. Logic is_______.
A. arbitrary, therefore optional in informal conversation
B. a “useless passion”
C. not of primary importance in philosophy
D. the study of correct reasoning and valid inferences
29. Knowledge is often defined (by Plato and other philosophers) as _______.
A. any idea B. an idea about God C. true beliefs D. self-consciousness
30. It is a concept attempt to find interested buyers after producing a product.
A. marketing concept B. product concept C. selling concept D. concept approach

II. Directions: Match Column A to Column B; write the letter of your answer on a separate sheet.

Column A Column B

31. Ability to choose for oneself between right and wrong. a.Temperance
32. Adherence to moral and ethical principles. b. Gawad Kalinga
33. An act of giving particular attention and to hold in high esteem. c. Order
34. Mental or moral strength to venture, persevere and withstand difficulty d. Responsibility
35. An entity created by law that is separate and distinct from its owner. e. Aristotle
36. A social worker, founder and a brainchild of a Catholic entrepreneurship. f. Frugality
37. “Let all your things have places”, this implies everything has its own time. g. Poverty
38. Eat not to dullness. Drink not to elevation. h.Transparancy
39. It is the quality of being fair. i. Business
40. Make no expense, but to do good to others or to yourself. j. Partnership
41. Lose no time. Cut off all unnecessary actions. k.Tranquility
42. It is not disturbed at trifles, or at accidents. l. Tony Meloto
43. Built dedicated for caring and sharing communities to eradicate poverty. m. Industry
44. Socio economic issues regarding deficiency in basic needs. n. Ethics
45. Term that describes an opportunity to openly observe financial transactions. o. Advertising
46. An activity that plays a major role in keeping economy alive. p. Courage
47. These are moral principles that guide the conduct of individuals. q. Justice
48. These are intended to inform or influence people who receives them. r. Respect
49. An arrangement in which individuals share profits and liabilities s. Moderation
50. States that human actions are governed by self interest. t. Corporation