Started on Tuesday, 6 February 2024, 8:21 PM

State Finished
Completed on Tuesday, 6 February 2024, 9:06 PM
Time taken 45 mins 36 secs
Marks 49.00/50.00
Grade 98.00 out of 100.00
Question 1
Correct
Mark 1.00 out of 1.00

Flag question

Question text
In the Philippines, the employee minimum wage is set at P570 across the board.
Select one:
True
False

Question 2
Correct
Mark 1.00 out of 1.00

Flag question

Question text
The theory of the consumer and the theory of the firm are important because they help us
understand the foundations of demand and supply

a.
False

b.
True
Feedback
Your answer is correct.
Question 3
Correct
Mark 1.00 out of 1.00

Flag question

Question text
The divisional structure is a type of organizational structure that groups each organizational
function into a division.
Select one:
True
False

Question 4
Correct
Mark 1.00 out of 1.00

Flag question

Question text
In a flat organization, leadership is decentralized and there is no role and responsibility of the
mid-management levels.
Select one:
True
False

Question 5
Correct
Mark 1.00 out of 1.00

Flag question

Question text
An employee who has served at the establishment for at least ten years may be granted a
retirement pay equivalent to at least one-half month of salary for every year of service.
Select one:
True
False

Question 6
Correct
Mark 1.00 out of 1.00

Flag question

Question text
PhilHealth is a health insurance program for private employees providing financial aid and
service privileges for health care.
Select one:
True
False

Question 7
Correct
Mark 1.00 out of 1.00

Flag question

Question text
A corporation is a legal entity separate from its shareholders. It consists of at least five to 10
incorporators.
Select one:
True
False

Question 8
Correct
Mark 1.00 out of 1.00
 Flag question

Question text
A business name identifies your line of products/services, and is used to market and sell your
products/services to the general public.
Select one:
True
False

Question 9
Correct
Mark 1.00 out of 1.00

Flag question

Question text
A sole proprietorship must apply for a business name and be registered with the Securities and
Exchange Commission (SEC).
Select one:
True
False

Question 10
Correct
Mark 1.00 out of 1.00

Flag question

Question text
The job description contains sufficient information to describe major responsibilities and
essential functions as they exist today.
Select one:
 True
False

Question 11
Correct
Mark 1.00 out of 1.00

Flag question

Question text
Organizational charts can be broad-based, depicting the overall company, or can be department-
or unit-specific, focusing on one spoke on the wheel.
Select one:
True
False

Question 12
Correct
Mark 1.00 out of 1.00

Flag question

Question text
eight
The regular working hours set by the labor law is Answer hours a day.

Question 13
Correct
Mark 1.00 out of 1.00

Flag question

Question text
Psychographic segmentation refers to understanding your target audience’s purchasing behavior
crucial to generating sales and developing customer relationships.
Select one:
 True
False

Question 14
Correct
Mark 1.00 out of 1.00

Flag question

Question text
Geographic segmentation identifies where the customers you want to reach are located.
Select one:
True
False

Question 15
Correct
Mark 1.00 out of 1.00

Flag question

Question text
In a hierarchical organization chart, the decision-making process is typically formal and flows
from the top down.
Select one:
True
False

Question 16
Correct
Mark 1.00 out of 1.00

Flag question
 Question text
An organizational chart graphically represents an organization's structure, highlighting the
different jobs, departments, and responsibilities that connect the company's employees to each
other and to the management team.
Select one:
True
False

Question 17
Correct
Mark 1.00 out of 1.00

Flag question

Question text
A partnership with Peso 3,000 capital must register with the Securities and Exchange
Commission (SEC).

Select one:
True
False

Question 18
Correct
Mark 1.00 out of 1.00

Flag question

Question text
A brand name is primarily used on legal documents, including receipts and contracts.

Select one:
 True
False

Question 19
Correct
Mark 1.00 out of 1.00

Flag question

Question text
Social Security System (SSS) is an insurance program set by the government for all wage earners
from private institutions.
Select one:
True
False

Question 20
Correct
Mark 1.00 out of 1.00

Flag question

Question text
Pag-IBIG, also known as the Home Development Mutual Fund (HDMF), is another form of
national savings program and the financing office for affordable shelter.
Select one:
True
False

Question 21
Correct
Mark 1.00 out of 1.00

Flag question
 Question text
An employee who has worked for a year is entitled to five (5) service incentive leave with full
pay.
Select one:
True
False

Question 22
Correct
Mark 1.00 out of 1.00

Flag question

Question text
A micro business enterprise refers to any business activity or enterprise engaged in industry,
agribusiness and/or services, whether single proprietorship, cooperative, partnership or
corporation whose total assets must have a value of not more than P4,000,000.

Select one:
True
False

Question 23
Correct
Mark 1.00 out of 1.00

Flag question

Question text
Behavioral segmentation identifies what emotionally drives your target customers to buy the
things that they do including their values, opinions, passions and lifestyle priorities.

Select one:
 True
False

Question 24
Correct
Mark 1.00 out of 1.00

Flag question

Question text
The purpose of a flat organizational structure is to have very little hierarchy so that everyone
becomes adept at handling whatever work comes their way.
Select one:
True
False

Question 25
Correct
Mark 1.00 out of 1.00

Flag question

Question text
Flat organizational structure is defined as an entity where the top management is in direct contact
with the front-line salespeople, employees at the floor levels as well as the customers.
Select one:
True
False

Question 26
Correct
Mark 1.00 out of 1.00

Flag question
 Question text
The job description should accurately reflect the duties and responsibilities of the position.
Select one:
True
False

Question 27
Correct
Mark 1.00 out of 1.00

Flag question

Question text
mission
A Answer statement focuses on today and what an organization does to achieve it.

Question 28
Correct
Mark 1.00 out of 1.00

Flag question

Question text
matrix
Answer organization chart is a project management tool that is used to analyze and
understand the relationships between different people.

Question 29
Correct
Mark 1.00 out of 1.00

Flag question

Question text
A female employee's leave entitlement of up to two (2) months with full pay based on her gross
monthly compensation following surgery caused by gynecological disorders.
Select one:
 True
False

Question 30
Correct
Mark 1.00 out of 1.00

Flag question

Question text
Gender, age, marital status and income are among the demographics that further define your
primary target audience.
Select one:
True
False

Question 31
Correct
Mark 1.00 out of 1.00

Flag question

Question text
The job description provides the information necessary to classify the position, not the person.
Select one:
True
False

Question 32
Correct
Mark 1.00 out of 1.00

Flag question
 Question text
Separation pay is given to employees terminated from the company.
Select one:
True
False

Question 33
Correct
Mark 1.00 out of 1.00

Flag question

Question text
Three (3) days of bereavement leave is applicable to death of an immediate family member
which includes the employee's children, parents, grandparents, brother, sister, spouse, and
parents-in-law.
Select one:
True
False

Question 34
Correct
Mark 1.00 out of 1.00

Flag question

Question text
matrix
Answer organization chart illustrates reporting structures where teams and the
employees within them have two or more managers.

Question 35
Incorrect
Mark 0.00 out of 1.00
 Flag question

Question text
The theory of the [1] deals with consumption (the demand for goods and services).
demand
Answer:

Question 36
Correct
Mark 1.00 out of 1.00

Flag question

Question text
A project promoter is an individual or organization that helps raise money for some type of
investment activity.
Select one:
True
False

Question 37
Correct
Mark 1.00 out of 1.00

Flag question

Question text
Job descriptions are “incumbent neutral” and not based on any specific quality of an incumbent.
Select one:
True
False

Question 38
Correct
Mark 1.00 out of 1.00

Flag question

Question text
Night shift differential is paid for work rendered between 10:00 PM and 6:00 AM.
Select one:
True
False

Question 39
Correct
Mark 1.00 out of 1.00

Flag question

Question text
The Paternity Leave Act of 1996 grants every married male employee seven (7) days with full
pay for the first four (4) deliveries of the legitimate spouse with whom he is cohabiting.
Select one:
True
False

Question 40
Correct
Mark 1.00 out of 1.00

Flag question

Question text
The divisions in a divisional organizational structure can correspond to either products
geographies
or Answer .

Question 41
Correct
Mark 1.00 out of 1.00

Flag question

Question text
A hierarchical organization chart relies on having different levels of authority with a chain of
command connecting multiple management levels within the organization.
Select one:
True
False

Question 42
Correct
Mark 1.00 out of 1.00

Flag question

Question text
A medium business enterprise refers to any business activity or enterprise engaged in industry,
agribusiness and/or services, whether single proprietorship, cooperative, partnership or
corporation whose total assets must have a value of P15,000,000 to P150,000,000.
Select one:
True
False

Question 43
Correct
Mark 1.00 out of 1.00

Flag question

Question text
Demand and supply analysis is the study of how buyers and sellers interact to determine
transaction prices and quantities
Select one:
True
False

Question 44
Correct
Mark 1.00 out of 1.00

Flag question

Question text
vision
A Answer statement focuses on tomorrow and what an organization wants to
ultimately become.

Question 45
Correct
Mark 1.00 out of 1.00

Flag question

Question text
Target market is a group of customers that has a similar need for a product or service, money to
purchase the product or service, and willingness and ability to buy it.
Select one:
True
False

Question 46
Correct
Mark 1.00 out of 1.00

Flag question

Question text
 overtime
Answer pay is paid to the employee for services beyond the scheduled regular
working hours.

Question 47
Correct
Mark 1.00 out of 1.00

Flag question

Question text
A vision statement is a short summary of an organization’s core purpose, focus, and aims.
Select one:
True
False

Question 48
Correct
Mark 1.00 out of 1.00

Flag question

Question text
A vision statement describes what you do, who you do it for and the benefit that it provides.
Select one:
True
False

Question 49
Correct
Mark 1.00 out of 1.00

Flag question

Question text
A small business enterprise refers to any business activity or enterprise engaged in industry,
agribusiness and/or services, whether single proprietorship, cooperative, partnership or
corporation whose total assets must have a value of P3,000,001 to P15,000,000.

Select one:
True
False

Question 50
Correct
Mark 1.00 out of 1.00

Flag question

Question text
Expanded Maternity Leave Law increases the compensable number of days for maternity leave
benefit to 105 days for live childbirth regardless of the type of delivery.
Select one:
True
False

Finish review
◄ Announcements
Jump to...
Jump to...
MIDTERM EXAMINATION ►