Cooperative Organizations and Business Classifications Quiz
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Questions and Answers

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?

    <p>Transportation business</p> Signup and view all the answers

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

    <p>Utilities</p> Signup and view all the answers

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

    <p>Merchandising business</p> Signup and view all the answers

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

    <p>Righteousness, truth, and honesty</p> Signup and view all the answers

    What is a characteristic of a Christian business?

    <p>Epitome of integrity</p> Signup and view all the answers

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

    <p>Exalting the Word of God</p> Signup and view all the answers

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

    <p>Bringing out the best in them</p> Signup and view all the answers

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

    <p>Standards and principles of God</p> Signup and view all the answers

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

    <p>Commitment to excellence in service and product</p> 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?

    <p>Parent and child</p> Signup and view all the answers

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

    <p>Personalization is highly valued</p> Signup and view all the answers

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

    <p>Include titles to show respect</p> Signup and view all the answers

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

    <p>To avoid misunderstanding and difficulties in following the policy</p> Signup and view all the answers

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

    <p>Value of maintaining social harmony</p> Signup and view all the answers

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

    <p>With both hands to show respect</p> Signup and view all the answers

    What does Plato suggest about each social class?

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

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

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

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

    <p>By regularly checking progress and seeking input from employees.</p> Signup and view all the answers

    Why is continuous communication important in an organization?

    <p>To ensure alignment and effective coordination.</p> Signup and view all the answers

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

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

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

    <p>To ensure tasks are completed without supervision.</p> Signup and view all the answers

    What concept is emphasized in the passage?

    <p>Ethical principles in business</p> Signup and view all the answers

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

    <p>Ethical principles</p> Signup and view all the answers

    What does Confucius advise regarding unattainable goals?

    <p>Adjust the action steps to reach the goals</p> Signup and view all the answers

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

    <p>Striving for ethical behavior</p> Signup and view all the answers

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

    <p>Mutual exchange of favors</p> Signup and view all the answers

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

    <p>Every business move should align with a strategic plan</p> Signup and view all the answers

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