Review and Recitation !

Directions: Read and analyze the following statements below. Write your answer on the space
provided before each number.

_____1. It requires the government to transfer full or partial ownership of

enterprise to private companies.
_____2. An online social media famous for its friendly interface and versatile
information.
_____3. Which of the following is a behavior or new way of doing things and it
has a big impact on our society?
_____4. Which of these is the first stage on the life cycle of a fad?
_____5. Refers to a system or method that requires deliberate, abstract, and
effort thinking that breaks down a complex problem into parts.
Directions: Read and Analyze the statements below, write TRUE if the statement is correct and FALSE if
not. Write your answer on the space provided before each number.

______6. Globalization is indeed a hotly issue.

______7. Deregulation requires reduction or total elimination of any restriction to foreign trade.
______8. Globalization has worsened inequality.
______9. Low income countries like the Philippines remain to be a supplier of raw materials,
resulting in the depletion of its forest reserves and other natural resources.
______10. The period that roughly covered 1945 to 1971 was described as the “Golden Age of
Socialism.”
______11. Globalization opens up borders that allow expansion of production and trade.
______12. Along with privatization is the practice of minimal government involvement.
______13. The ideology of neoliberalism underpins globalization.
______15. The invention of microprocessor in 1971 paved the way for the rise of the computer.
Directions: Using your understanding about strategic analysis and intuitive thinking,
decide whether each situation requires intuitive thinking or strategic analysis.

1. A firefighter rescuing victims from a burning building.

2. A doctor attending to the patients in the emergency room.
3. A lawyer solving a case.
4. A street vendor trying to sell and generate good profit within a day.
5. A couple wanting to buy a house in a subdivision.