Cooperative Organizations and Business Classifications Quiz

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What type of businesses provide intangible products?

Utilities

Service businesses (correct)

Transportation businesses

Financial businesses

Which type of business typically charges for labor or services provided to various entities?

Service business (correct)

Transportation business

Financial business

Utilities

What type of business generates profits through investment and capital management?

Utilities

Service business

Transportation business

Financial business (correct)

Which type of business involves delivering goods and individuals to their destinations for a fee?

Transportation business Signup and view all the answers

Which type of business produces public services such as electricity or sewage treatment?

Utilities Signup and view all the answers

What type of business buys products at wholesale price and sells them at retail price?

Merchandising business Signup and view all the answers

What are the three standards and principles of God mentioned in the text?

Righteousness, truth, and honesty Signup and view all the answers

What is a characteristic of a Christian business?

Epitome of integrity Signup and view all the answers

What is the significance of commitment to excellence according to the text?

Exalting the Word of God Signup and view all the answers

In terms of commitment to its people, what does recognizing their needs lead to?

Bringing out the best in them Signup and view all the answers

What is the main focus of an organization with integrity when making business decisions?

Standards and principles of God Signup and view all the answers

What is a critical aspect of being recognized as an exemplary organization?

Commitment to excellence in service and product Signup and view all the answers

In Filipino family-modeled businesses, the relationship between the boss and subordinate is often compared to which familial relationship?

Parent and child Signup and view all the answers

What is a key aspect of the Philippine business environment according to the text?

Personalization is highly valued Signup and view all the answers

How do Filipinos typically show respect to business partners and colleagues in terms of formal titles?

Include titles to show respect Signup and view all the answers

Why is it important for policies in organizations to be clear and specific?

To avoid misunderstanding and difficulties in following the policy Signup and view all the answers

What cultural value makes Filipinos avoid disagreement or tension in business interactions?

Value of maintaining social harmony Signup and view all the answers

How should business cards be exchanged in the Philippines according to the text?

With both hands to show respect Signup and view all the answers

What does Plato suggest about each social class?

They must perform the function they are best suited for. Signup and view all the answers

Why is it important in business to know everyone's strengths and weaknesses?

To match job requirements with the natural talents of employees. Signup and view all the answers

How can a company ensure they are on the right path in business?

By regularly checking progress and seeking input from employees. Signup and view all the answers

Why is continuous communication important in an organization?

To ensure alignment and effective coordination. Signup and view all the answers

What is emphasized in the selection process of hiring according to the text?

Fitting qualified applicants' natural talents with job requirements. Signup and view all the answers

Why does the text suggest that it is best to hire the right people?

To ensure tasks are completed without supervision. Signup and view all the answers

What concept is emphasized in the passage?

Ethical principles in business Signup and view all the answers

According to Mencius, what should business behavior be ruled by?

Ethical principles Signup and view all the answers

What does Confucius advise regarding unattainable goals?

Adjust the action steps to reach the goals Signup and view all the answers

Which approach did Mencius believe should be prioritized over profit margins?

Striving for ethical behavior Signup and view all the answers

What does the phrase 'You scratch my back, I'll scratch yours' represent in the business context?

Mutual exchange of favors Signup and view all the answers

What is the significance of strategy in business according to the passage?

Every business move should align with a strategic plan Signup and view all the answers

Cooperative Organizations and Business Classifications Quiz

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Questions and Answers

What type of businesses provide intangible products?

Which type of business typically charges for labor or services provided to various entities?

What type of business generates profits through investment and capital management?

Which type of business involves delivering goods and individuals to their destinations for a fee?

Which type of business produces public services such as electricity or sewage treatment?

What type of business buys products at wholesale price and sells them at retail price?

What are the three standards and principles of God mentioned in the text?

What is a characteristic of a Christian business?

What is the significance of commitment to excellence according to the text?

In terms of commitment to its people, what does recognizing their needs lead to?

What is the main focus of an organization with integrity when making business decisions?

What is a critical aspect of being recognized as an exemplary organization?

In Filipino family-modeled businesses, the relationship between the boss and subordinate is often compared to which familial relationship?

What is a key aspect of the Philippine business environment according to the text?

How do Filipinos typically show respect to business partners and colleagues in terms of formal titles?

Why is it important for policies in organizations to be clear and specific?

What cultural value makes Filipinos avoid disagreement or tension in business interactions?

How should business cards be exchanged in the Philippines according to the text?

What does Plato suggest about each social class?

Why is it important in business to know everyone's strengths and weaknesses?

How can a company ensure they are on the right path in business?

Why is continuous communication important in an organization?

What is emphasized in the selection process of hiring according to the text?

Why does the text suggest that it is best to hire the right people?

What concept is emphasized in the passage?

According to Mencius, what should business behavior be ruled by?

What does Confucius advise regarding unattainable goals?

Which approach did Mencius believe should be prioritized over profit margins?

What does the phrase 'You scratch my back, I'll scratch yours' represent in the business context?

What is the significance of strategy in business according to the passage?

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