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FINAL EXAMINATION REVIEWER Business Mathematics

LA SALLE GREENHILLS Grade School Department School Year 2014 – 2015 First (1 st ) Semester. FINAL EXAMINATION REVIEWER Business Mathematics. BASICS OF BUSINESS MATH. Which of the documents should be secured first before a business becomes legally operational? A. Business Permit

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FINAL EXAMINATION REVIEWER Business Mathematics

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  1. LA SALLE GREENHILLS Grade School Department School Year 2014 – 2015 First (1st) Semester FINAL EXAMINATION REVIEWER Business Mathematics

  2. BASICS OF BUSINESS MATH

  3. Which of the documents should be secured first before a business becomes legally operational? • A. Business Permit • B. Police Clearance • C. Tax Identification Number (TIN) • D. Fire Safety Permit FINAL EXAMINATION REVIEWER Business Mathematics

  4. 2. In which government agency should you register if you have a business with five (5) or more employees? • A. Social Security System (SSS) • B. Department of Trade and Industry (DTI) • C. Department of Labor and Employment (DOLE) • D. Bureau of Internal Revenue (BIR) FINAL EXAMINATION REVIEWER Business Mathematics

  5. Which government agency gives license to operate a wireless communication business? • A. Department of Health (DOH) • B. Department of Trade and Industry (DTI) • C. Department of Labor and Employment (DOLE) • D. National Telecommunications Commission (NTC) FINAL EXAMINATION REVIEWER Business Mathematics

  6. Which government agency gives accreditation to partnerships and corporations? • A. Securities and Exchange Commission (SEC) • B. Department of Trade and Industry (DTI) • C. Department of Labor and Employment (DOLE) • D. Cooperative Development Authority (CDA) FINAL EXAMINATION REVIEWER Business Mathematics

  7. Which government agency manages the Pag-ibig fund and requires SSS members earning at least ₱ 4,000 to register? • A. Department of Labor and Employment (DOLE) • B. Home Development Mutual Fund (HDMF) • C. Department of Trade and Industry (DTI) • D. Bureau of Internal Revenue (BIR) FINAL EXAMINATION REVIEWER Business Mathematics

  8. Which government agency accredits businesses concerning foreign employment? • A. Land Transportation Office (LTO) • B. Department of Trade and Industry (DTI) • C. Bureau of Internal Revenue (BIR) • D. Philippine Overseas Employment Administration (POEA) FINAL EXAMINATION REVIEWER Business Mathematics

  9. Which government agency gives accreditation to cooperatives? • A. Cooperative Development Authority (CDA) • B. Securities and Exchange Commission (SEC) • C. Department of Trade and Industry (DTI) • D. Department of Labor and Employment (DOLE) FINAL EXAMINATION REVIEWER Business Mathematics

  10. Which government agency regulates businesses related to the film industry? • A. Optical Media Board (OMB) • B. Securities and Exchange Commission (SEC) • C. National Telecommunications Commission (NTC) • D. Movie and Television Review and Classification Board (MTRCB) FINAL EXAMINATION REVIEWER Business Mathematics

  11. Which document indicates registration with the Bureau of Internal Revenue (BIR)? • A. Business Permit • B. Police Clearance • C. Tax Identification Number (TIN) • D. Fire Safety Permit FINAL EXAMINATION REVIEWER Business Mathematics

  12. Which government agency issues certificate of registration to pawnshops or lending companies? • A. Department of Trade and Industry (DTI) • B. BangkoSentralngPilipinas (BSP) • C. Bureau of Internal Revenue (BIR) • D. Securities and Exchange Commission (SEC) FINAL EXAMINATION REVIEWER Business Mathematics

  13. 11. Which type of business is owned by five (5) or more persons? • A. Sole Proprietorship • B. Partnership • C. Corporation • D. Cooperative FINAL EXAMINATION REVIEWER Business Mathematics

  14. 12. What aspect of business is concerned about the production of goods? • A. Distribution • B. Manufacturing • C. Marketing • D. Retailing FINAL EXAMINATION REVIEWER Business Mathematics

  15. 13. What is the general term for the products or merchandise sold by a business? • A. Capital • B. Goods • C. Labor • D. Services FINAL EXAMINATION REVIEWER Business Mathematics

  16. 14. What is the other term for the employees or workforce? • A. Services • B. Goods • C. Labor • D. Consumer FINAL EXAMINATION REVIEWER Business Mathematics

  17. 15. Which aspect of business is concerned about bringing the goods to the consumer? • A. Distribution • B. Manufacturing • C. Marketing • D. Retailing FINAL EXAMINATION REVIEWER Business Mathematics

  18. 16. Which commodity is offered not as a tangible item but as a work done? • A. Services • B. Goods • C. Labor • D. Consumer FINAL EXAMINATION REVIEWER Business Mathematics

  19. 17. Which type of business is owned by at least two (2) individuals? • A. Sole Proprietorship • B. Partnership • C. Corporation • D. Cooperative FINAL EXAMINATION REVIEWER Business Mathematics

  20. 18. What is the other term for the recipients or the market of certain goods and services? • A. Services • B. Goods • C. Labor • D. Consumer FINAL EXAMINATION REVIEWER Business Mathematics

  21. 19. Which type of business is owned by fifteen (15) or more persons? • A. Sole Proprietorship • B. Partnership • C. Corporation • D. Cooperative FINAL EXAMINATION REVIEWER Business Mathematics

  22. 20. Which of the terms represent the finances used to start up a business? • A. Services • B. Goods • C. Labor • D. Consumer FINAL EXAMINATION REVIEWER Business Mathematics

  23. INCOME AND CASHFLOW

  24. Which refers to any amount received in exchange for a work done or the profit gained from a capital? • A. Expenses • B. Income • C. Necessities • D. Savings FINAL EXAMINATION REVIEWER Business Mathematics

  25. 2. Which term refers to anything that gets money out of your pocket? • A. Assets • B. Balance Sheet • C. Income Statement • D. Liabilities FINAL EXAMINATION REVIEWER Business Mathematics

  26. Which of the following refers to the essentials needed for survival, subsistence or for maintaining a certain standard of living? • A. Expenses • B. Income • C. Necessities • D. Savings FINAL EXAMINATION REVIEWER Business Mathematics

  27. Which of the following is the summary of the revenues and expenses of a business? • A. Assets • B. Balance Sheet • C. Income Statement • D. Liabilities FINAL EXAMINATION REVIEWER Business Mathematics

  28. Which one is a legal agreement of conditional right of ownership over an asset between two individuals or entities? • A. Assets • B. Debt • C. Liabilities • D. Mortgage FINAL EXAMINATION REVIEWER Business Mathematics

  29. Which one refers to money spent as operational cost of the business? • A. Expenses • B. Income • C. Necessities • D. Savings FINAL EXAMINATION REVIEWER Business Mathematics

  30. Which of the following is the summary of the assets and liabilities of a business? • A. Balance Sheet • B. Expenses • C. Income • D. Income Statement FINAL EXAMINATION REVIEWER Business Mathematics

  31. Which one refers to any amount set aside for investment or emergency purposes and not for spending? • A. Expenses • B. Income • C. Necessities • D. Savings FINAL EXAMINATION REVIEWER Business Mathematics

  32. Which refers to the things that make a person or family better off? • A. Assets • B. Debt • C. Liabilities • D. Wealth FINAL EXAMINATION REVIEWER Business Mathematics

  33. Which term refers to anything that puts money in your pocket? • A. Assets • B. Balance Sheet • C. Income Statement • D. Liabilities FINAL EXAMINATION REVIEWER Business Mathematics

  34. 11. Which of the quadrant is taxed heavily and paid proportionally to the amount of time working? • A. B Quadrant • B. E Quadrant • C. I Quadrant • D. S Quadrant FINAL EXAMINATION REVIEWER Business Mathematics

  35. 12. Which of the terms refer to anything earned after a work or service done? • A. Assets • B. Expenses • C. Income • D. Liabilities FINAL EXAMINATION REVIEWER Business Mathematics

  36. 13. Which term denotes the movement of money including earning, saving, investing or spending? • A. Cashflow • B. Earnings • C. Expenses • D. Liabilities FINAL EXAMINATION REVIEWER Business Mathematics

  37. 14. Which quadrant has a fully operational system that operates even in the absence of the owner? • A. B Quadrant • B. E Quadrant • C. I Quadrant • D. S Quadrant FINAL EXAMINATION REVIEWER Business Mathematics

  38. 15. Which term is equivalent to income? • A. Cashflow • B. Earnings • C. Expenses • D. Liabilities FINAL EXAMINATION REVIEWER Business Mathematics

  39. 16. Which quadrant uses money in generating greater amounts of money? • A. B Quadrant • B. E Quadrant • C. I Quadrant • D. S Quadrant FINAL EXAMINATION REVIEWER Business Mathematics

  40. 17. Which quadrant indicates that a person owns a job? • A. B Quadrant • B. E Quadrant • C. I Quadrant • D. S Quadrant FINAL EXAMINATION REVIEWER Business Mathematics

  41. 18. Which type of income is generated even in the absence of the business owner in its operations? • A. Active • B. Passive • C. Portfolio • D. Residual FINAL EXAMINATION REVIEWER Business Mathematics

  42. 19. Which type of investor is not relying entirely on time but on accumulating from other higher returns with greater risks? • A. Savers • B. Specialists • C. Speculators • D. Traders FINAL EXAMINATION REVIEWER Business Mathematics

  43. 20. Which type of income is directly proportional to the work done and taxed at a rate higher than the other forms of income? • A. Active • B. Passive • C. Portfolio • D. Residual FINAL EXAMINATION REVIEWER Business Mathematics

  44. 21. Which type of investors uses the mechanism “invest and wait” to grow their capital? • A. Savers • B. Specialists • C. Speculators • D. Traders FINAL EXAMINATION REVIEWER Business Mathematics

  45. 22. Which entity controls and directs workers to fulfill their specific duties? • A. Employee • B. Employer • C. Investment • D. Investor FINAL EXAMINATION REVIEWER Business Mathematics

  46. 23. Which type of investor utilizes preparation, education and experience to increase their success? • A. Savers • B. Specialists • C. Speculators • D. Traders FINAL EXAMINATION REVIEWER Business Mathematics

  47. 24. Which type of investor is using the technique “buy - low, sell - high”? • A. Savers • B. Specialists • C. Speculators • D. Traders FINAL EXAMINATION REVIEWER Business Mathematics

  48. 25. Which of the terms indicate earnings coming from capital gains, dividends and royalties? • A. Earned Income • B. Passive Income • C. Portfolio Income • D. Residual Income FINAL EXAMINATION REVIEWER Business Mathematics

  49. MONEY MATTERS

  50. Which term refers to a legal tender, usually in bills or coins, used for paying for goods and services? • A. Bank • B. Cash • C. Check • D. Credit Card FINAL EXAMINATION REVIEWER Business Mathematics

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