Untitled Deck

Question 1

A form of transaction which utilizes gesture that expresses personal relationships is known as?

Answer 1

generallized reciprocity

Question 2

Individuals involved in this transaction desire to gain as much as probable while
paying the least amount possible. The transaction between both parties is identified
as___

Answer 2

negative reciprocity

Question 3

What type of transaction exists when the giver is expected to gain something in
return although it does not have to be instant

Answer 3

balance reciprocity

Question 4

As the eldest, Mariel provides educational assistance to her sister Karen. This
form of transaction is known as

Answer 4

generalized reciprocity

Question 5

It is known as the transaction between two socially equal parties having the
same status about the values of goods or services

Answer 5

reciprocity

Question 6

It is known as the organized way in which power is allocated and decisions are
made within society

Answer 6

political structure

Question 7

The capacity to realize desired ends despite opposition from others is identified
as.

Answer 7

power

Question 8

According to Weber, the power that people perceive as legitimate rather than
coercive is categorized as

Answer 8

authority

Question 9

What type of authority is known as the power legitimized by extraordinary
personal abilities that inspire devotion and obedience

Answer 9

charismatic authority

Question 10

Which type of authority depends less on a person’s ancestry or office and more
on personality

Answer 10

charismatic authority

Question 11

Members of this group have direct access and interaction with each other. Thus,
emotional bonds are formed.

Answer 11

primary groups

Question 12

Joey and John are teammates in Sepak Takraw. What type of group is present
between John and Joey

Answer 12

in groups

Question 13

Sophia and Hailey are classmates and friends. This category of the group is
known as:

Answer 13

primary groups

Question 14

Rica is a member of the women’s basketball team and elicits a sense of
antagonism against members of the men’s basketball team because the latter gets
more support despite performing terribly in the last season. This form of a group
according to membership is categorized as:

Answer 14

out group

Question 15

Alex and Toni are the newest news anchors of 24 oras. They look up to Ms. Mel
Tiangco and Mike Enriquez as their superiors. What type of group exists between
the newest and seasoned News Anchors?

Answer 15

reference group

Question 16

is defined as the organized way in which power is allocated and decisions are
made within society

Answer 16

political structure or institution

Question 17

is comprised of the President and the Vice President who
are chosen by direct popular vote and fulfill a term of six years

Answer 17

executive branch

Question 18

can make laws, alter, and reverse them through the power
bestowed in the Philippine Congress. This institution is divided into the Senate and
the House of Representatives

Answer 18

legislative branch

Question 19

maintains the power to resolve disputes concerning rights
that are legally demandable and enforceable.

Answer 19

the judicial branch

Question 20

maintains the power to resolve disputes concerning rights
that are legally demandable and enforceable.

Answer 20

the judicial brach

Question 21

is the capacity to realize desired ends despite
opposition from others

Answer 21

power

Question 22

respect for a long-standing cultural pattern is used to legitimize power.

Answer 22

traditional authority

Question 23

also known as bureaucratic authority; legally
created rules and regulations are used to legitimize power.

Answer 23

rational-legal authority

Question 24

extraordinary personal skills that inspire devotion and obedience are used to
legitimize power.

Answer 24

charismatic authority

Question 25

argued that an economic institution is being defined as an enduring organization, practice, or relationship created by individuals to handle and cope with basic economic dilemmas.

Answer 25

gilliard et al

Question 26

Transaction between two socially equal parties having the same status with regards to values of goods or services.

Answer 26

reciprocity

Question 27

A form of transaction which utilizes gestures that expresses personal relationships than economic transactions

Answer 27

generalized reciprocity

Question 28

In this form of transaction, the giver is expected to gain something in return although it does not have to be given instantly

Answer 28

balance reciprocity

Question 29

This transaction is being practiced using deceiving ways to gain profit. In this form of transaction, individuals involved try to gain as much as conceivable while paying the least amount possible

Answer 29

negative reciprocity

Question 30

The process by which products produced out from the community is sent to a place where they are stored, counted, and later distributed back to the people.

Answer 30

redistribution

Question 31

The price of the transactions of deliverables and services are supposedly governed by the rules of supply and demand.

Answer 31

market exchange

Question 32

is a financial institution that receives deposits from the public and generates credit.

Answer 32

banks

Question 33

Manage withdrawals and deposits as well as supplying short-term loans to a person and small-scale businesses.

Answer 33

commercial or retail banks

Question 34

A bank that purchases large holdings of newly issued shares and resells them to investors

Answer 34

investment bank

Question 35

Offers insurance policies to the public either by selling them directly to a person or through an employer’s benefit plan.

Answer 35

insurance and compnies

Question 36

is a legal unit that is distinct from its owners. Moreover, a ---------------- has the right to enter contracts, loan and borrow money, hire employees, own assets, and pay taxes

Answer 36

corporation

Question 37

are jointly owned enterprises engaging in the production or distribution of goods or services. ----------- are usually operated by farmers or consumers for their mutual benefit

Answer 37

cooperatives

Question 38

also known as labor unions are consist of workforces who have come together to attain mutual goals like protecting the integrity of its trade, improving safety standards, achieving higher pay and benefits like health care, and retirement

Answer 38

trade unions

Question 39

Organizations that are devoted to manipulating political, economic, social, and institutional decisions across country borders

Answer 39

transnational advocacy group

Question 40

These are independent organizations whose goals are to help develop and support economic growth especially for the poor and marginal portion of the society. So, they may have opportunities for income and decent employment

Answer 40

development agenncies

Question 41

Include both governmental and nongovernmental organizations.

Answer 41

international organization

Question 42

transcend borders in pursuit of a common cause

Answer 42

international non governmental organization

Question 43

refer to a grouping established by states and are based on treatise, have formal structures, and meet at regular intervals (Santarita & Madrid, 2016)

Answer 43

international governmental organization