ring ah their as ACTIVITIES/ DIRECTIONS Multiple Choices: Encircle the letter that corresponds to the correct answer. 1. The following are the impact of the businesses to the goverment, EXCEPT. A. Businesses conduct projects like tree planting, and housing B. Employees hired by the businesses employ a household member C. Tax are imposed on the Income of the business D. The benefit provided by businesses through payments of taxes 2. It is an effect of transactions that happened to parties outside the transactions of buyers and sellers. A. Externalities C. Internalities B. Middle Management D. None of these 3. What do you call the spill over effects that enhance the welfare of a third party? A. Negative externality C. Both A and B B. Positive externality D. None of these 4. If the third party's welfare is reduced, what do you call the spillover effect? A. Negative externality C. Both A and B B. Positive externality D. None of these 5. The following are the third parties that benefit the spillover effect of the transactions of buyers and sellers, EXCEPT, A. Capitalist B. Community C. Environment D. Individuals 6. The following are examples of positive impact of business to the society, EXCEPT, A. Construction of infrastructure like roads that have positive effect on the neighboring communities and where other business enterprise may be encouraged to establish their presence nearby to cater the needs of the of the community. B. Sourcing labor services, technical professionals, and managers in huge plantations and mining companies may opt to build communities within their business complex that has educational, health, social, and cultural religious facilities. C. The impact of the sales of firm of its outputs to other firms as intermediate inputs and as capital goods. These repeated transactions of constant sales contribute to the strengthening of the integration of the economy. D. Using non-renewable raw materials like oil and minerals have high environmental costs. 7. What are the positive spillover effects of huge plantations and mining companies? A. Construction of infrastructure like roads B. Other business enterprises may encourage to establish their presence nearby to cater the needs of the community. C. Sourcing labor services, technical professionals and managers D. All of the above E. Only A & C8. What would be the long term effect of protecting the environment through the use of ecologically friendly technologies? A. The firm can operate with a steady supply of raw materials for a longer period B. The fruits of our natural resources can be sustained for the next generations to enjoy C. A and B D. None of these 9. A person who purchases goods and services for personal use. B. Economics C. Income D. Supplier A. Consumer 10. Any person or other entity (such as a firm or mutual fund) who commits capital with the expectation of receiving financial returns. B. Income C. Investor D. Supplier A. Consumer 11. An activity which makes one's living or makes money by manufacturing, developing, buying and selling products (goods & services)? A. Business B. Households C. Government D. Marketing 12. Classified as a social unit that has similarities regarding the communities norms, religion, values and identity A. Business B. Community C. Poverty D. Traders 13. The production of goods or related services within an economy. A. Business B. Community C. Industry D. Locality 14. This refers to the exchange of goods and services between countries. A. Exporting Goods C. International Trade B. Importing Services D National Economic Trading 15. Provide permits, security, and protection policy to businesses in exchange for taxes paid for the economy. A. Community C. Goverment B. Household D. Investors