30 Questions
What is the maximum allowable foreign ownership in advertising companies in the Philippines?
25%
What is the primary goal of good governance?
Ensuring transparency, accountability, and fairness
What does CSR stand for?
Corporate Social Responsibility
What is the triple bottom line approach in corporate social responsibility?
People, planet, and profit
Which of the following is NOT a principle of good governance?
Exclusivity
What is the maximum allowable foreign ownership in educational institutions in the Philippines?
100%
What is the primary focus of strategic management?
Long-term planning and goal setting
What is the primary purpose of SWOT analysis?
Assessing strengths, weaknesses, opportunities, threats
What type of strategy involves offering unique products or services to a specific market segment?
Differentiation
What is the primary purpose of the Ansoff Matrix?
Identifying strategies for product-market growth
What type of analysis evaluates external factors affecting the business environment?
PESTEL analysis
Which of the following is a characteristic of Porter's Five Forces model?
It assesses the threat of substitute products
What do unemployed or underemployed resources imply?
Inefficient allocation of resources
What is elasticity in economics?
A measure of responsiveness
What is the basis of gains from international trade according to David Ricardo?
Comparative advantage in production
What is the treatment of gifts given to government officials in Modesto's business?
They are deductible if found to be necessary and properly supported
Which of the following is not deductible from business income?
Loss on exchange of capital assets
What is the correct statement about deductions for income tax purposes?
Deductions are only allowed for business-related expenses
What is the purpose of a taxpayer availing of all deductions authorized by law?
To minimize his tax liability
In cases of doubts regarding deductions and exemptions on income tax returns, how are they resolved?
Strictly against the taxpayer
What is not a power exercised by the government?
Exploitation
Which of the following is an inherent power of the government?
All of the above
What is not a public purpose?
None of these
What is the principle of theoretical justice in taxation?
Taxes must be based on the taxpayer's ability to pay
What is the primary purpose of promoting diversity and inclusion in an organization?
To foster a culture of inclusion and respect
Which of the following skills is an example of a soft skill?
Communication
What is the term for the process of reducing the size of a company's workforce due to economic or business reasons?
Downsizing
What is the term for the set of beliefs, values, and norms that influence how employees behave within an organization?
Culture
What is the primary purpose of an employee handbook?
To communicate company policies and procedures
What is the term for the process of evaluating an organization's current and future staffing needs?
Workforce planning
Test your knowledge on strategic management concepts, including definition, process, and SWOT analysis. This quiz covers key terms and concepts in strategic management, perfect for CBMEC and BACC course students.
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