QUESTIONS ANSWERS

Provides service rather than products to customers. Service business

Change basic inputs into products that are sold to customers. Manufacturing business
Sell products they purchase from another business to customers. Merchandising business
Business organization that has a separate legal personality from its owners. Corporation
Also known as single proprietorship which is owned by only one person. Sole proprietorship
It is a duly registered nosiness organization owned by a group of individuals Cooperatives
and is operated for their mutual benefit.
A form of business organization owned by two or more persons who bind Partnership
themselves to contribute money or industry to a common fund…
The process of social and economic transformation in the society. Socioeconomic development
Life expectancy, literacy and employment rates. Gross domestic product
Is a measure of the number of people who are both jobless and looking for a Employment rate
job.
Is simply the total percentage of the population aged 15 and above who can, Literacy rate
with understanding, read and write a short, simple statement of their
everyday life.
Is a statistical measure of how long an organism may live based on the year of Life expectancy
their birth, their current age and other demographic factors.
Is the system by which businesses are directed and controlled. Corporate governance
Means openness, a willingness by the company to provide clear information… Transparency
Refers to equal treatment. Fairness
Refers to the obligation and responsibility to give an explanation or reason for Accountability
the company’s action and conduct.
Are the exact standards of behavior and performance expectations that an Provisions of codes
organization selects to emphasize and tackle in code.
Gifts and gratitude, political activity, family members Conflicts of interest
Internet and social network use at work Internet, social networking and social
media
Accuracy of corporate finances and financial reporting Compliance, integrity and anti-
corruption
A code has value just like an internal guideline and an external statement of Code of right conduct
corporate values and commitments.
Employee opportunity, diversity incentives and recognition Employment practices
Maintaining records and information, privacy and confidentiality, disclosure of Employee, client and vendors of
information information
Conditions of employment that may not be prescribed by law Conditions in included policies
Set of simple rules which you need to observe while working together Decorum
An employer may provide a number of different benefits as part of their Employee benefits
contract of employment.
Most jobs require writing emails, letters, memos, reports, analysis, project Reportorial requirement and
summaries, product descriptions, and the list goes on. documentation
There are benefit entitlements which employee accumulates as a result of the Employee entitlements
rendering of their services to an employer…
A breach occurs when one party in a binding agreement fails to deliver Breach of organizations policy
according to the agreement.
He concentrated on developing morality and sense of shame Confucius
He definitely believed that knowledge and understanding of virtue, or the Socrates
good, was enough for someone to be happy
Was famous for his discussions on the subject of reality Plato
He established that the role of the leader is… Aristotle
He makes a significant distinction between necessary and unnecessary desires Epicurus
According to him, people unfortunately, were often influenced by bad role Plutarch
models surrounded them
According to him, in order to cope with insecurity, a person must remind Epictetus
himself what he could control and what he couldn’t.
Is a philosophy or set of concepts that aids in the interpretation of everyday Belief system
events.
He argued that since people acquire all good things by pain, the person… Musonius
Includes the belief that there is no disconnection between the spiritual and Animism
physical or material world.
Proper use and placement to balance the space harmoniously Remedies
Proper use of space Space allocation
Best arrangement of furniture Layout
Best color schemes and elements to implement Décor
Direction and location of a person within a space Orientation
The customary religion of japan that centers on natural world Shinto
They believe in ahimsa (that all life is sacred) Hinduism
The oldest known monotheistic religion still practiced in the world today. Judaism
Developed in India, Siddharta Gautama was the founder of this belief system. Buddhism
He believed that the single treatment was to stress a sense of social order… Confucianism
It is a philosophy which teaches that yin-yang symbol has a way in which it Taoism
moves. There is a natural and proper way of doing everything.
The most popular religion in the world based on the number of worshippers… Christianity
The youngest of the worlds’ major religions Islam
When a person does not know what to accomplish… Bahala na
Debt of one inner-self Utang na loob
One gets support, endorsement or political appointment through family Padrino system
affiliation (nepotism), or friendship (cronyism), as against to one’s worth
The fast burning of cogon, eagerness only at the beginning Ningas cogon
Procrastination, putting something off until another time Manana habit
Act of being refined Delicadeza
They must live up to the accepted standards of behavior Hiya
Shared sense of identity Pakikisama/ pakikipag kapwa tao
Sheds light on the optimism of the filipinos Joy and humor
Reflection of the filipino’s strong faith in god Faith and religiosity
Sense of resourcefulness Ability to survive
Very determined and persevering on accomplishing… Hard work and industry
- Filipino time