LONGTEST

Question 1

FORMS OF BS

Answer 1

Sole Proprietorship
Partnerships
Corporation
Cooperative

Question 2

“single proprietorship”

business owned by only one person

business & owner is inseparable

regulated by DTI (department of trade adn industry)

Answer 2

Sole proprietorship

Question 3

owned by 2 or more person

regulated ny DTI

Answer 3

Partnerships

Question 4

detailed of arrangement between partners are outlined in a written document called

Answer 4

Articles of Partnership

Question 5

A business organized as a separate legal entity

owners are called stockholders/shareholders

Regulated by SEC (Securities & Exchange Commission)

Answer 5

Corporation

Question 6

owned by a group of individuals & is operated for their MUTUAL BENEFIT

MEMBERS are expected to patronized their products & services

regulated by CDA (Cooperative Development Authority)

Answer 6

Cooperative

Question 7

Core Principles of Business

Answer 7

Fairness
Accountability
Transparency
Stewardship

Question 8

state, condition, quality of being FAIR, FREE FROM BIAS/INJUSTICE (EQUAL TREATMENT)

Answer 8

Fairness

Question 9

2 ASPECTS OF FAIRNESS

Answer 9

Substantive Fairness
Procedural Fairness

Question 10

fair result is one in which people receive what they’re DUE & DESERVE

they are NO AGREED CRITERIA to determine what a person really OUGHT TO HAVE

Answer 10

Substantive Fairness

Question 11

DECISION SHOULD BE MADE, and should APPEAR TO BE MADE

CAUTIOUSLY, TRUTHFULLY & OBJECTIVELY

with the knowledge that even a PROCESS OF GREATEST INTEGRITY does not always produce CERTAINTY

Answer 11

Procedural Fairness

Question 12

means being RESPONSIBLE for DECISIONS MADE, ACTIONS TAKEN & ASSIGNMENTS COMPLETED

Answer 12

Accountability

Question 13

quality of being done in an OPEN WAY, WITHOUT SECRET

Answer 13

Transparency

Question 14

responsibility that companies have to understand & manage their impacts on the ENVIRONMENT

Answer 14

Stewardship

Question 15

how to deal w workplace issues

Answer 15

FAIR NOTICE
IMPARTIALITY
GATHER FACTS
FAIR HEARING
EVALUATION

Question 16

princi that individuals/entities should be ADEQUATELY INFORMED/NOTIFIED of the rules, regulations , policies / actions that may affect them

Answer 16

FAIR NOTICE

Question 17

quality or state of being fair unbiased & neutral in judgement/decision making without favoritism/prejudice towards any particular person group/interest

Answer 17

Impartiality

Question 18

Thoroughness without being irrational is important in making sound judgements

Answer 18

Gather Facts

Question 19

anyone being accused of sometime should be allowed to tell his/her side of story

“RIGHT OF CONFRONTATION”

anyone should be given the OPPORTUNITY to explain, clarify, ask questions

must listen with a truly open mind

Answer 19

Fair hearing

Question 20

carefully WEIGH & EVALUATE all information by SEPARATING FACTS from OPINIONS to OPINIONS from SPECULATION

Answer 20

Evaluation

Question 21

established procedures one follows to execute task

set of rules, procedures & conventions that govern behavior & interactions in formal or DIPLOMATIC CONTEXT

Answer 21

Protocol

Question 22

association w maintaining PROPER CONDUCT according to SOCIETAL NORMS & EXPECTATIONS

browd range of behaviors such as POLITENESS, COURTESY, TACT, & CONSIDERATION FOR OTHERS

Answer 22

Decorum

Question 23

often BROAD IN SCOPE & may encompass multiple areas of activity WITHIN ORGANIZATION

states business / company’s intentions to meet an end goal

Answer 23

Policy

Question 24

Important points to consider in making an effective business policy

Answer 24

Balance
Equal Opportunity
Employee’s Job Description
Liability
Employee Conduct
Consequences of Violation

Question 25

encourages individuals PRODUCTIVITY without MICROMANAGING them

Answer 25

Balance

Question 26

CLEAR in ANY RULES, PROMOTE fair treatment in workplace, IMPLEMENT equal opportunity, anti discrimination ex: encourage unprejudiced behavior within workplace

Answer 26

Equal Opportunity

Question 27

including a DESCRIPTION of every position from HIGHEST RANKING DOWN to RANKED IN FILE employees must understand their ROLES, DUTIES & RESPONSIBILITIES & how will they interact within organization

Answer 27

Employee's Job Description

Question 28

All Employees must understand ACCEPTABLE BEHAVIOR, BOUNDARIES at WORK when employee misbehave, employer is liable

Answer 28

Liability

Question 29

in place as a guidelines for appropriate employee behavior such us PROPER DRESS CODE, WORKPLACE SAFETY PROCEDURES, HARASSMENT POLICIES & POLICIES regarding COMPUTER & INTERNET

Answer 29

Employee Conduct

Question 30

mist establish rules rhat address violations from the policy

Answer 30

Consequences for Violation

Question 31

process or technique of promoting, selling, & distributing a product/service

Answer 31

Marketing

Question 32

recording of financial transactions & part of the process of accounting transactions include purchases sales, receipts, & payments by an individual person or an organization/corporation

Answer 32

Bookkeeping

Question 33

invariably linked to an organization's official business & maintained as evidence or supporting documents anu recorded information or data in any physical format / media created or received by an organization

Answer 33

Records

Question 34

whole range of activities which an organization should perform to properly manage its records

Answer 34

Record Management

Question 35

Characteristics of a record

Answer 35

Authenticity Reliability Integrity Usability

Question 36

one that can be PROVEN (purported)

Answer 36

Authenticity

Question 37

one whoce content can be TRUSTED as FULL & ACCURATE

Answer 37

Reliability

Question 38

its being complete & unaltered

Answer 38

Integrity

Question 39

one can be LOCATED, RETRIEVED, PRESENTED & INTERPRETED anytime

Answer 39

Usability

Question 40

Importance of the Record

Answer 40

Administrative Value Operational Value Legal Value Fiscal Value Archival Value

Question 41

helps determine the POLICY & PROCEDURES such as procedure directives, rules & regulations

Answer 41

Administrative Value

Question 42

documenting ACTIVITIES & TRANSACTIONS ex. correspondence routine & technical data

Answer 42

Operational Value

Question 43

define the rights & obligations of an organization ex. Agreements, Certificate, Contract

Answer 43

Legal value

Question 44

Relating to the financial transactions of an organization ex. Loans,

Answer 44

Fiscal Value

Question 45

PRESERVED PERMANENTLY

Answer 45

Archival Value