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 (D)</p> Signup and view all the answers

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

<p>Utilities (B)</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 (B)</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 (A)</p> Signup and view all the answers

What is a characteristic of a Christian business?

<p>Epitome of integrity (D)</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 (D)</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 (D)</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 (C)</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 (C)</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 (D)</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 (B)</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 (B)</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 (A)</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 (B)</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 (D)</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. (A)</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. (B)</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. (B)</p> Signup and view all the answers

Why is continuous communication important in an organization?

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

What concept is emphasized in the passage?

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

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

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

What does Confucius advise regarding unattainable goals?

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

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

<p>Striving for ethical behavior (D)</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 (A)</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 (B)</p> Signup and view all the answers

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