IKALAWANG LAGUMANG PAGSUSULIT AP 9-

CITRINE
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Email *

angel.chitturi06@gmail.com

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NAME(COMPLETE) *

ANGEL ZHYRA P GALING

I. DEFINITION OF TERMS
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Define the words below based on your understandin

1.Production *

PROCESS BY WHICH INPUTS OR THE FACTORS OF PRODUCTION ARE TRANSFORMED INTO PRODUCTS OR
SERVICES BY FIRMS.
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THE PROCESS BY WHICH INPUTS OR THE FACTORS OF PRODUCTION ARE TRANSFORMED INTO PRODUCTS
AND SERVICES BY FIRMS.

 
2.Permanent *
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THIS IS MATERIALS THAT CAN BE USED FOR A LONG TERM PERIOD OF TIME.

 
3.Non-renewable *
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NATURAL RESOURCES THAT AFFECTS BY SCARCITY AND CANNOT BE REPLACED AFTER USED.

 4.Special *
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MATERIALS USED IN AN SPECIFIC EVENTS ONLY 

5.Cooperative *
THIS AN ORGANIZATION WHOSE MEMBERS VOLUNTARILY UNITE AND GET TOGETHER TO ACHIEVE
COMMON OR SHARED NEEDS AND WANTS THAT ARE ECONOMIC, SOCIAL OR CULTURAL.  
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ORGANIZATION WHOSE MEMBERS VOLUNTARILY UNITE AND GET TOGETHER TO ACHIEVE COMMON OR
SHARED NEEDS AND WANTS THAT ARE ECONOMIC, SOCIAL OR CULTURAL.

 
6.Renewable *
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NATURAL RESOURCES THAT CAN BE REPLACED AFTER IT IS USED.
 
7.Entrepreneur *
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THE ABILITY AND WILLINGNESS TO ORGANIZE, OPERATE AND MANAGE A BUSINESS.

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COMBINES AND BRINGS TOGETHER LAND, LABOR AND CAPITAL TO EXECUTE PRODUCTION

 
8.Partnership *··/5
OWNED BY TWO OR MORE PERSONS. THE PARTNERS HAVE AN AGREEMENT BASED ON HOW MUCH
CAPITAL THEY OWN AND THEIR ABILITIES.  
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OWNED BY TWO OR MORE PERSONS

 9.Corporation *
MUCH BIGGER THAN A PARTNERSHIP. IT IS OWNED BY A GROUP OF NO LESS THAN FIVE PERSONS.  
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OWNED BY A GROUP OF NO LESS THAN FIVE PERSONS.

 10.Stockholder *
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PERSON, COMPANY OR INSTITUTION OWNS AT LEAST ONE SHARE OF A COMPANY'S STOCK.

II.IDENTIFICATION
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Give the correct answer for each number.

 1.Sole Proprietorship – Advantages/Disadvantages *

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ADVANTAGES
ONLY ONE INDIVIDUAL OWNS THE BUSINESS
EASIEST TO ESTABLISH
SIMPLEST TYPE OF BUSINESS TO MANAGE

DISADVANTAGES
ONLY ONE PERSON WILL THINK THE WAYS AND RESPONSIBILITIES IN MANAGING THE BUSINESS

 
2.Partnership- Advantages/Disadvantages *
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OWNED BY TWO OR MORE PWRSONS.  

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ADVANTAGES
MANY WILL GIVE THE CAPITAL AND IDEAS
EASY TO EXPAND THE BUSINESS DUE TO MANY IDEAS THAT GIVE

DISADVANTAGES
MANY WILL DIVIDE THE INCOME
MANY WILL AFFECTS THE RESULTS OF THE BUSINESS
THE PEOPLE IN THIS BUSINESS WILL FIGHT THROUGH THEIR DIFFERENT IDEAS

 
3.Corporation- Advantages/Disadvantages *··/5
MUCH BIGGER THAN A PARTNERSHIP

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STABLE BUSINESS DUE TO BIG INCOME COMING THROUGH

MANY WILL AND OWNED AND GIVE CAPITAL

DISADVANTAGES
BIG CAPITAL NEEDED
THE ONLY BIG PART OF SHARES IS THE ONLY ONE WHO WILL HAVE THE RIGHTS TO VOTE TO BE THE NEXT
PRESIDENT OF THE CORPORATION

 
4.Cooperative- Advantages/Disadvantages *···/5
THIS IS AN ORGANIZATION  
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ADVANTAGES
EASY TO BUILD AND NO NEED FOR BIG CAPITAL
FREE TO GET BACK THE CAPITAL
HELPING EACH OTHER TO ADVANCE THEIR SAME DESIRE

ADVANTAGES
SOMETIMES THERE IS A LACK OF CAPITAL FOR PRODUCTS
THERE IS A LONG PROCESS OF DECISION MAKING WHEN IT COMES TO PRODUCTS

III.ENUMERATION
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 1-4 Kinds of Capital *··/8
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SPECIAL
PERMANENT
INDEPENDENT
MOVABLE

 
5-6 Kinds of Land *···/4
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RENEWABLE
NON-RENEWABLE

 
7-10 Organization of business *···/8
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SOLE PROPRIETORSHIP
PARTNERSHIP
CORPORATION
COOPERATIVE

 
11-15 Kinds of Cooperative *···/10
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SERVICE COOPERATIVE
AGRICULTURAL COOPERATIVE
CONSUMER COOPERATIVE
WORKERS COOPERATIVE
LENDER COOPERATIVE