Creative and Market and Environment

_____is a socially, politically, and economically organized people whose needs and demands are based on tradition,

culture, and technology.

• Creativity

• Environment

• Market

• Entrepreneur

The following are the ways you can experience the creative process, except:

• Evaluation

• Implementation

• Gathering of Data

• Setting Standards

A type of legal forms of business that is very easy to establish and decision comes from 1 person only.

• Corporation

• Partnership

• Sole Proprietorship

• Organization

Below are the disadvantage of Partnership in business, except:

• Decision making is shared between the two owners

• In times of conflict, the business is at risk

• No one else can share in the financial burden of the owner

• Limited funding may constraint business operations

4M's of Production, except;

• Manpower

• Management

• Money

• Machine

A type of loan which include low interest and will be paid one year or less.

• Short-term loans

• Intermediate loans

• Long-term loans

• Everlasting loans

The following must be considered in choosing the right business location, except;

• nearness to target market

• Consider zoning and local ordinances

• Beliefs and Religions

• Accessibility to consumers and transportation

_____ is in charge of the promotion of an economic and business environment necessary to increase the creation and growth of enterprises, and improved trade of goods and services in and out of the country.

• SSS

• SEC

• BIR

• DTI

_____ is mandated by law to assess and collect all national internal revenue taxes, fees and charges, and to enforce all forfeitures, penalties and fines connected therewith, including the execution of judgements in all cases decided in its favor by the Court of Tax Appeals and the ordinary courts.

• DTI

• SEC

• BIR

• SSS

_____ is a government-owned and controlled corporation under the Department of Human Settlements and Urban Development of the Philippines responsible for the administration of the national savings program and affordable shelter financing for Filipinos.

• Philhealth

• PAG-IBIG

• Social Security System

• Bureau of Internal Revenue