11/11/23, 2:02 AM PRELIM EXAMINATION: Attempt review

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Started on Friday, 10 November 2023, 10:08 PM

Question 1
Incorrect

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A brand name is primarily used on legal documents, including receipts and contracts.

Select one:
True 

False

Question 2
Correct

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Three (3) days of bereavement leave is applicable to death of an immediate family member which includes the employee's children,
parents, grandparents, brother, sister, spouse, and parents-in-law.

Select one:
True 

False

Question 3
Correct

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The job description contains sufficient information to describe major responsibilities and essential functions as they exist today.

Select one:
True 

False

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Question 4

Incorrect

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Psychographic segmentation refers to understanding your target audience’s purchasing behavior crucial to generating sales and
developing customer relationships.

Select one:
True 

False

Question 5
Correct

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An organizational chart graphically represents an organization's structure, highlighting the different jobs, departments, and
responsibilities that connect the company's employees to each other and to the management team.

Select one:
True 

False

Question 6
Correct

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Pag-IBIG, also known as the Home Development Mutual Fund (HDMF), is another form of national savings program and the financing
office for affordable shelter.

Select one:
True 

False

Question 7
Correct

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Expanded Maternity Leave Law increases the compensable number of days for maternity leave benefit to 105 days for live childbirth
regardless of the type of delivery.

Select one:
True 

False

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Question 8

Correct

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The job description provides the information necessary to classify the position, not the person.

Select one:
True 

False

Question 9

Correct

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Job descriptions are “incumbent neutral” and not based on any specific quality of an incumbent.

Select one:
True 

False

Question 10

Incorrect

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Separation pay is given to employees terminated from the company.

Select one:
True

False 

Question 11

Correct

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In a hierarchical organization chart, the decision-making process is typically formal and flows from the top down.

Select one:
True 

False

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11/11/23, 2:02 AM PRELIM EXAMINATION: Attempt review

Question 12

Incorrect

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A vision statement describes what you do, who you do it for and the benefit that it provides.

Select one:
True 

False

Question 13

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workers  pay is paid to the employee for services beyond the scheduled regular working hours.

Question 14
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A corporation is a legal entity separate from its shareholders. It consists of at least five to 10 incorporators.

Select one:
True 

False

Question 15
Incorrect

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An employee who has served at the establishment for at least ten years may be granted a retirement pay equivalent to at least one-
half month of salary for every year of service.

Select one:
True 

False

Question 16

Correct

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Night shift differential is paid for work rendered between 10:00 PM and 6:00 AM.

Select one:
True 

False

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11/11/23, 2:02 AM PRELIM EXAMINATION: Attempt review

Question 17

Correct

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The divisional structure is a type of organizational structure that groups each organizational function into a division.

Select one:
True 

False

Question 18

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A vision statement is a short summary of an organization’s core purpose, focus, and aims.

Select one:
True

False 

Question 19

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A mission  statement focuses on today and what an organization does to achieve it.

Question 20
Correct

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Target market is a group of customers that has a similar need for a product or service, money to purchase the product or service, and
willingness and ability to buy it.

Select one:
True 

False

Question 21

Correct

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In a flat organization, leadership is decentralized and there is no role and responsibility of the mid-management levels.

Select one:
True 

False

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Question 22

Correct

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A business name identifies your line of products/services, and is used to market and sell your products/services to the general public.

Select one:
True

False 

Question 23

Correct

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Organizational charts can be broad-based, depicting the overall company, or can be department- or unit-specific, focusing on one
spoke on the wheel.

Select one:
True 

False

Question 24
Correct

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A vision  statement focuses on tomorrow and what an organization wants to ultimately become.

Question 25

Incorrect

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The divisions in a divisional organizational structure can correspond to either products or PRICE  .

Question 26
Correct

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The job description should accurately reflect the duties and responsibilities of the position.

Select one:
True 

False

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11/11/23, 2:02 AM PRELIM EXAMINATION: Attempt review

Question 27

Correct

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The regular working hours set by the labor law is 8  hours a day.

Question 28
Incorrect

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A project promoter is an individual or organization that helps raise money for some type of investment activity.

Select one:
True

False 

Question 29
Correct

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Flat organizational structure is defined as an entity where the top management is in direct contact with the front-line salespeople,
employees at the floor levels as well as the customers.

Select one:
True 

False

Question 30

Incorrect

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A sole proprietorship must apply for a business name and be registered with the Securities and Exchange Commission (SEC).

Select one:
True 

False

Question 31

Incorrect

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A female employee's leave entitlement of up to two (2) months with full pay based on her gross monthly compensation following
surgery caused by gynecological disorders.

Select one:
True

False 


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Question 32

Correct

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The theory of the consumer and the theory of the firm are important because they help us understand the foundations of
demand and supply

a. True

b. False

Your answer is correct.

Question 33

Incorrect

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A micro business enterprise refers to any business activity or enterprise engaged in industry, agribusiness and/or services, whether
single proprietorship, cooperative, partnership or corporation whose total assets must have a value of not more than P4,000,000.

Select one:
True 

False

Question 34
Correct

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The Paternity Leave Act of 1996 grants every married male employee seven (7) days with full pay for the first four (4) deliveries of the
legitimate spouse with whom he is cohabiting.

Select one:
True 

False

Question 35

Incorrect

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matrix organizati  organization chart illustrates reporting structures where teams and the employees within them have two or
more managers.

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Question 36

Correct

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Demand and supply analysis is the study of how buyers and sellers interact to determine transaction prices and quantities

Select one:
True 

False

Question 37

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rganizational cha  organization chart is a project management tool that is used to analyze and understand the relationships
between different people.

Question 38

Correct

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An employee who has worked for a year is entitled to five (5) service incentive leave with full pay.

Select one:
True 

False

Question 39

Correct

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Geographic segmentation identifies where the customers you want to reach are located.

Select one:
True 

False

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11/11/23, 2:02 AM PRELIM EXAMINATION: Attempt review

Question 40

Correct

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Behavioral segmentation identifies what emotionally drives your target customers to buy the things that they do including their
values, opinions, passions and lifestyle priorities.

Select one:
True

False 

Question 41

Incorrect

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A partnership with Peso 3,000 capital must register with the Securities and Exchange Commission (SEC).

Select one:
True 

False

Question 42
Incorrect

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A medium business enterprise refers to any business activity or enterprise engaged in industry, agribusiness and/or services, whether
single proprietorship, cooperative, partnership or corporation whose total assets must have a value of P15,000,000 to P150,000,000.

Select one:
True 

False

Question 43

Correct

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Social Security System (SSS) is an insurance program set by the government for all wage earners from private institutions.

Select one:
True 

False

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11/11/23, 2:02 AM PRELIM EXAMINATION: Attempt review

Question 44

Incorrect

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The theory of the [1] deals with consumption (the demand for goods and services).

Answer: utility- maximizing individuals 

Question 45
Correct

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PhilHealth is a health insurance program for private employees providing financial aid and service privileges for health care.

Select one:
True 

False

Question 46
Incorrect

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A small business enterprise refers to any business activity or enterprise engaged in industry, agribusiness and/or services, whether
single proprietorship, cooperative, partnership or corporation whose total assets must have a value of P3,000,001 to P15,000,000.

Select one:
True

False 

Question 47
Correct

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Gender, age, marital status and income are among the demographics that further define your primary target audience.

Select one:
True 

False

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11/11/23, 2:02 AM PRELIM EXAMINATION: Attempt review

Question 48

Correct

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In the Philippines, the employee minimum wage is set at P570 across the board.

Select one:
True

False 

Question 49

Incorrect

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The purpose of a flat organizational structure is to have very little hierarchy so that everyone becomes adept at handling whatever
work comes their way.

Select one:
True

False 

Question 50
Correct

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A hierarchical organization chart relies on having different levels of authority with a chain of command connecting multiple
management levels within the organization.

Select one:
True 

False

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MIDTERM EXAMINATION ►

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