PART 1

Question 1

A product that people buy with the hope that they will be beneficial or will generate income in the future.

Answer 1

Investments

Question 2

Two types of investments

Answer 2

Short-term and Long-Term Investments

Question 3

Type of Investment: Buying a property or Engaging in real estate

Answer 3

Long-Term Investment

Question 4

Type of Investment: Savings and Time Deposits

Answer 4

Short-term Investment

Question 5

A place where traders buy and sell stocks for profit. Ideally, a broker buys stocks and sells them at a higher price later.

Answer 5

The Philippine Stock Exchange

Question 6

It is defined as building up the capital stock for more future production and consumption.

Answer 6

Investment

Question 7

TRUE OR FALSE: Low interest rate attracts more entrepreneurs to invest.

Answer 7

True

Question 8

TRUE OR FALSE: The higher the interest rates, the higher the opportunity for the entrepreneurs to start their business in the country.

Answer 8

False

Question 9

TRUE OR FALSE: In any kind of market structure, the first few months of operation usually find the business experiencing losses.

Answer 9

True

Question 10

Fixed cost includes…

Answer 10

Rent, Machinery, and Equipment

Question 11

What are the things you need to consider when you decide to expand?

Answer 11

Initial Capitalization, Cost of expanding, and Vulnerability of the Market

Question 12

As an investor, what will you do if you don’t own land or space to beused for your business?

Answer 12

Rent or Lease

Question 13

TRUE OR FALSE: The smaller the space, the higher the cost.

Answer 13

False

Question 14

TRUE OR FALSE: It is more costly to rent in urban areas than in rural areas.

Answer 14

True

Question 15

TRUE OR FALSE: Increasing cost of businesses is brought about by increasing wages.

Answer 15

True

Question 16

When did the wage order for the minimum wage earners by DOLE got effective?

Answer 16

January 1, 2020.

Question 17

How was minimum wage determined?

Answer 17

poverty threshold, prevailing wage rates as determined by the Labor Force Survey, and socio-economic indicators

Question 18

Minimum wage for non-agricultural establishments employing 10 or more workers in the region XI

Answer 18

Php. 396.00

Question 19

Minimum wage for the workers in the agricultural sector and retail/service establishments with not more that 10 workers.

Answer 19

Php. 381.00

Question 20

TRUE OR FALSE: Over and above minimum wage is the voluntary productivity-based pay, which encourages workers and enterprises to become more competitive and productive by rewarding employees supplementary pay based on the quality of their performance

Answer 20

TRUE

Question 21

The inflows for the government and outflows for firms.

Answer 21

Tax/Taxes

Question 22

What does the business apply on gross receipts?

Answer 22

Percentage Tax (3%)
Value Added Tax (12%)

Question 23

__________________ set the current minimum wage for non-agriculture and agriculture establishments.

Answer 23

National Wages and Productivity Board (NWPC) Wage Order NO.RTWPB-XI-20

Question 24

Business taxes should be paid every___

Answer 24

Month

Question 25

Income Taxes from the business should be paid ______

Answer 25

Quarterly

Question 26

TRUE OR FALSE: Tax is the lifeblood of the economy. It fuels the social services provided by the government to its citizen.

Answer 26

TRUE

Question 27

TRUE OR FALSE: Low taxes tend to lessen investment because this is considered an additional cost on the part of the entrepreneur.

Answer 27

FALSE

Question 28

TRUE OR FALSE: Low taxes mean fewer government projects such as school buildings, roads, bridges and providing social services to people

Answer 28

True