Economics
According to this law, an extra point of unemployment costs two percent of GDP, which is also described by the following equation:
Y-Y* = - ω (u-u*) where ω ≈ 2
Y*
a. Okun's Law
b. Marshall's Law
c. Phillips' Law
d. Keynes' Law
a. Okun's Law
Source: Dornbusch, Startz, & Fischer (2011)
On Law on Obligations and Contracts:
Which of the following is not a special mode of payment?
a. Dacion en pago
b. Payment by cession
c. Tender of payment and consignation
d. Consignation alone without the need of tender of payment in cases provided for by law
e. None of the above
e. None of the above
The School of Business and Economics was formerly known as the ______.
College of Commerce
(it was renamed in the year 2011)
On Total Quality Management:
Which of the following is one of the three major activities in process management that focuses on maintaining consistency in output by assessing performance and taking corrective action when necessary?
a. Design
b. Improvement
c. Process mapping
d. Control
d. Control
A hazard that can cause health problems when ingested or inhaled, for example: cleaning agents.
A. Chemical Hazard
B. Ergonomic Hazard
C. Physical Hazard
D. Workload Hazard
a. Chemical Hazard
This axiom about consumer preference states that if the consumer thinks that X is at least as good as Y and that Y is at least as good as Z, then the consumer thinks that X is at least as good as Z.
a. Completeness
b. Reflexivity
c. Monotonicity
d. Transitivity
d. Transitivity
Source: Varian (2010)
On Management Accounting:
The difference between operating income under
variable costing and absorption costing centers on
how to account for
A. Direct materials costs
B. Fixed manufacturing costs
C. Variable manufacturing costs
D. None of the above
B - Fixed manufacturing costs
Who is the Dean of the School of Business and Economics (Complete Name with Title)
Dr. Melanie B. de Ocampo
On Strategic Human Resource Management:
The aim of conducting a SWOT analysis is to:
(a) identify the organization’s strengths, weaknesses, opportunities and threats
(b) select the strategy that gives the best alignment or fit between the external and internal environments
(c) select a strategy that allows the organization to maintain its market position given increases in competition
(d) aid the managing director’s in determining a course of action that most closely fits the articulated mission statement
(b) select the strategy that gives the best alignment or fit between the external and internal environments
Ryan loves to study this field because it is growing and dynamic and it encompasses content creation, distribution platforms, and technology devices. What management is describe in the statement?
A. Media Management
B. Video management
C. Creative Management
D. Information Management
A. Media Management
Which of the following theorem states that an increase in the relative price of a commodity will increase the real return to the factor used intensively in that commodity, and reduce the real return to the other factor?
a. Heckscher-Ohlin Theorem
b. Stolper-Samuelson Theorem
c. Rybczynski Theorem
d Heckscher-Ohlin-Vanek Theorem
B. Stolper-Samuelson Theorem
Source: Feenstra (2004)
In Cost Accounting and Control:
The principal difficulty with normal costing is that
A. the unit cost information is not received on a timely basis
B. it can result in fluctuating per-unit overhead costs
C. estimated overhead and estimated activity are likely to differ from actual overhead and actual costs, resulting in underapplied or overapplied overhead
D. there is no difficulty associated with using normal costing
C.estimated overhead and estimated activity are likely to differ from actual overhead and actual costs, resulting in underapplied or overapplied overhead
What is the SBE Mission?
Creating Wealth,
Managing Wealth,
Distributing Wealth
On International Business and Trade:
The ________ theory suggests that competitive rivalry between firms in an oligopolistic industry will result in firms closely following and imitating each other's international investments to keep other firms from gaining an advantage.
a. Strategic Behavior
b. Internationalization
c. Purchasing Power Parity
d. Absolute Advantage
a. Strategic behavior
The statements below are strategic directions of the Philippine Tourism National Development Plan (NTDP) 2016-2022 except:
a. Develop and market competitive tourist products and destinations.
b. Develop and update local tourist destinations.
c. Improve market access, connectivity, and destination infrastructure.
d. Improve tourism institutional governance and human resources.
b. Develop and update local tourist destinations.
Adding marginal damages to the cost of goods whose production creates negative externalities does all of the following except:
a. Improve the allocation of resources.
b. Reduce the equilibrium output.
c. Eliminate all of the damage done by the externality.
d. Raise the price to consumers of the goods.
C. Eliminate all of the damage done by the externality.
Source: Anderson (2011)
On Regulatory Framework and Legal Issues in Business:
On January 25, 2021, Matthew sold for P2M his house and lot to Alison. It was agreed that delivery of the house and lot, and the payment, therefore, would be made on March 25, 2021. Unfortunately, Edward a stranger negligently set the house on fire on February 15, 2021, and the house was completely destroyed. Which is correct?
a. Alison is not required to pay the P2M since the contract had no subject matter.
b. Matthew must still deliver the lot but is excused from delivering the house, while
Alison must still pay the P2M
c. Matthew must deliver the lot while Alison should pay only the amount equivalent
to the value of the lot.
d. Matthew need not deliver the lot while Alison need not pay the P2M.
b. Matthew must still deliver the lot but is excused from delivering the house, while Alison must still pay the P2M
In alphabetical order, list down the four co-curricular organizations under the School of Business and Economics. (Names must be in complete form and not in Acronyms)
1. Carolinian Economics Society (CarES)
2. USC - Junior Philippine Institute of Accountants (USC-JPIA)
3. Students for Hospitality Organizations and Tourism Services (SHOTS)
4. Society of Young Business Executives and Entrepreneurs (SYBEE)
(order 1 3 4 2 is also acceptable)
On Organizational Behavior:
The structure of an OB model includes 3 levels of analysis: individual, group and organizational systems. Issues that influence all 3 levels in various ways and thus affect behavioral dynamics are
a) change and stress
b) Organizational culture and commitment
c) Power and politics
d) work design and technology
a) change and stress
The following Sustainable Development Goals are recognized as a focused Goal for Tourism by World Tourism Organization (WTO) EXCEPT:
A. Decent Work and Economic Growth (SDG 8)
B. Reduced Inequalities (SDG 10)
C. Responsible Consumption and Production (SDG 12)
D. Life below Water (SDG 14)
B. Reduced Inequalities (SDG 10)
If q is quantity demanded and p is price and these variables are related by log-log model specified as: log (q) = 4.7 - 1.25log (p) . Which of the following choices is the correct interpretation of the coefficient -1.25?
Note: Quantity is measured in terms of pounds and price is measured in terms of peso.
a. A price increase of one peso reduces quantity demanded by 1.25 percent.
b. A price increase of one peso reduces quantity demanded by 1.25 pounds.
c. A price increase of one percent decreases quantity demanded by 1.25 percent.
d. A price increase of one percent decreases quantity demanded by 1.25 pounds.
C. An increase in price by one percent decreases quantity demanded by 1.25 percent.
Sources: Benoit (2011); Wooldridge (2013)
On Intermediate Accounting:
On April 1, 2019, MamWerU Corporation issued 12%, 1,000,000 bonds dated Jan. 1, 2019 at 97 including accrued interest. The bonds mature in ten years and pay interest annually every year-end. Compute the effective interest rate on the bonds.
a. 12.16%
b. 13.09%
c. 12.61%
d. 13.11%
D. 13.11%
Complete the sentence:
At the beginning of A.Y. 2009-2010, the Department of _____ was transferred from the College of __________ to the College of Commerce.
Economics, Arts and Sciences
On Global Finance:
Under an international regime of fixed exchange rates, countries with a BOP ________ should consider ________ their currency while countries with a BOP ________ should consider ________ their currency.
A) deficit, revaluing; surplus, revaluing
B) deficit, devaluing; surplus, devaluing
C) surplus, devaluing; deficit, revaluing
D) surplus, revaluing; deficit, devaluing
D) surplus, revaluing; deficit, devaluing
Kawasan Falls in Badian, Cebu is famous for its crystal clear water and adventurous activities. As an Environmental Tourism Advocate, what is the best sustainable initiative you would recommend based on the statements below?
A. Strictly implement carrying capacity, and adhere to environmental policies.
B. Improve the attraction by improving its facilities and infrastructure that would draw tourists.
C. Promote the attraction to achieve its full profitability and financial sustainability.
D. Address the needs of the tourists by conducting market research for physical improvement and enhancement of the attraction.
A. Strictly implement carrying capacity, and adhere to environmental policies.