This characteristic of contracts means that contracts are binding only upon the parties and their successors-in-interest.

This stage of a contract refers to the fulfillment of the purpose for which the contract was constituted.

It is a contract that is valid until annulled.

The active subject in an obligation is the one bound to perform the prestation to give, to do, or not to do. He is also called the debtor or obligor.

Compensation as means of extinguishing an obligation is the offsetting of the respective obligations of two (2) persons who stand as principal creditors and debtors of each other, resulting in the extinguishment of their obligations to their concurrent amount.

This characteristic of contracts means that the parties are free to stipulate terms and provisions in a contract, as long as these are not contrary to law, morals, good customs, public order, and public policy.

All kinds of works or services, whether physical or mental, is covered by the obligation to give.

An obligation the subject matter of which is a thing which the obligor must deliver to the obligee

It is a thing that is particularly designated or physically segregated from all others of the same class.

Rice, corn and other products of land that come into existence through human labor are examples of:

The right of Vice Ganda to demand the delivery of the agricultural lot and the crops from the time the obligation to deliver the lot arose is known as:

The first step in the different stages of a contract is:

Contract that is made for a valuable consideration is:

ELAINE delivered her bracelet to ASHLEY for ASHLEY’S necklace. No written agreement was signed by the parties. Which of the following is appropriate description of the contract between ELAINE and ASHLEY?

Economic problem arises due to

Self interest of the consumers lies in the maximization of

Which point on the curve is an efficient use of resources?

Monopolistic competition is a type of

An equilibrium price will NOT change unless?

A good that is used in place of another good to meet the same need is called

Demand is defined as consumers' _____ and _____ to consume a good.

Large number of buyers and sellers are the characteristics of which type of market

What is the study of how humans make decisions in the face of scarcity these can be individual decisions, family, business,or societal decisions?

Focuses on the actions of individual agents within the economy like households, workers and businesses?

It focuses on broad issues such growth of production,the number of unemployed people,the inflationary increase in prices, government deficits and level of exports and imports.

Goods or services that a consumer can obtain for, because that are abundant relative to the demand.

Goods and services to make a profit: like land , labor, capital and entrepreneur?

CSR stands for Corporate Social Reputation.

Good governance practices ensure that companies operate transparently and accountably.

Companies that prioritize good governance and CSR practices are less likely to attract and retain customers, investors, and employees.

CSR initiatives are optional and peripheral to a company's operations.

Companies can ensure the effectiveness of their governance and CSR practices by ignoring feedback from stakeholders.

Which of the following best describes the relationship between governance and CSR?

Which of the following is a benefit of adopting good governance and CSR practices?

Which of the following is an example of a CSR initiative that companies can undertake?

Which of the following is NOT a way that companies can ensure the effectiveness of their governance and CSR practices?

Which of the following is NOT a benefit of adopting good governance and CSR practices in the business world?

The following are the features of modern governance, except:

In a general sense, this refers to the sum of the many ways individuals and institutions, public and private, manage their common affairs.

[1] Governance includes formal institutions and regimes empowered to enforce compliance. [2] But governance has nothing to do with informal arrangements that people and institutions either have agreed to or perceive to be in their interest.

[1] The body of government is necessarily the public institutions in a society. [2] On the other hand, the body of governance can either be a public institution, a private one, or even a cooperation between the two.

[1] Governance can compensate for certain deficiencies of the State and the market in regulation and coordination, but it is never a panacea. [2] State and market can fail in social resource allocation; so can governance.

The meaning of the acronym HRM is ________

The following is concerned with developing a pool of candidates in line with the human resources plan.

Majority of the disputes in industries are related to the problem of ________

The following person has created the principle of 8 hours work, 8 hours rest and 8 hours sleep.

________ is the on the training.

Which is not on the job training?

In an addition to regular compensation, ________ are monetary incentives that an employee earns as a result of good performance.

______ is the current minister of Human Resource development of India

HRP is _________

______ is the process of choosing the most suitable candidate for the vacant position in the organisation.

This is the organization’s norms and value system

Which of the primary factors contribute to the failure of U.S. expatriates?

The ability to understand why people of other countries behave the way they do

It is concerned with developing the skills of the manager over his or her career with the firm

Seeks the best people, regardless of nationality for key jobs

It is the power of state by which the sovereign raises revenue to defray the necessary expenses of the government.

it is generally regarded as excise (pivilege) tax?

what are the classification of individual income taxpayers?

Sweepstakes winning of a resident alien, P 100,000.00 how much is the tax due?

_________ are taxable only on income from the Philippines whether resident or non-resident?

THE INHERENT POWER OF THE GOVERNMENT ARE PRIMARILY ___________ IN CHARACTER

WHICH OF THE FOLLOWING DOCTRINE OR THEORY IS CALLED THE "DOCTRINE OF SYMBIOTIC RELATIONSHIP"?

WHICH OF THE FOLLOWING THEORY JUSTIFIES TAXES BEING A PREFERRED CREDIT?

WHICH OF THE FOLLOWING THEORY JUSTIFIES TAXES BEING A PREFERRED CREDIT?

WHEN THE LAW ITSELF PROVIDES FOR NON-PAYMENT OF TAXES, SUCH TAX ESCAPE IS KNOWN AS:

Sustainability refers to accepted principles of right or wrong that govern the conduct of a person, the members of a profession, or the actions of an organization.

Ethical issues can arise when environmental regulations in host nations are inferior to those in the home nation.

Corruption has been a problem in almost every society in history and continues to be one today.

Countries should specialize in the production of goods for which they have an absolute advantage and then trade these goods for those produced by other countries.

It refers to the nature of home demand for the industry's product or service.

It refers to the presence or absence of supplier industries and related industries that are internationally competitive.

It refers to the nation's position in factors of production, such as skilled labor or the infrastructure necessary to compete in a given industry.

An individual with a strong sense of personal ethics is more likely to behave in an unethical manner in a business setting.

The best starting point to improve ethical decision-making in a multinational firm is to better understand how individuals make decisions that can be considered ethical or unethical in an organizational environment.

The culture in some businesses does encourage people to think through the ethical consequences of business decisions.

It is the procurement of selected value-adding activities, including production of intermediate goods or finished products, from independent suppliers.

It is the birth certificate of the goods being shipped and indicates the country of origin.

It refer to the payment methods in Import and Export when the exporter uses an open account, the buyer pays the exporter at some future time following receipt of the goods.

It refers to the official forms and other paperwork required in export transactions for shipping and customs procedures

It is also known as global procurement, or global purchasing, the strategy of buying products and services from foreign sources and bringing them into the home country or a third country.

He is responsible for for planning, organizing, staffing, implementing, and controlling operations of a business.

It includes all activities involved in obtaining, training, and compensating the employees of a business.

This contains all of the rules, policies, and procedures that a business should follow to function effectively.

It also called stock control, is the process of managing a company's inventory levels

This method keeps track of inventory levels on a daily basis.

It involves taking a physical count of your merchandise at regular intervals

It is the rate at which the inventory of a product is sold and replaced with new inventory.

It is how to use the information in your financial statements to determine the level of sales you need to achieve to earn a profit.

It is an important skill of every small business owner or manager

Way to improve your cash receipts is to decrease by getting customer who owe you money to pay more quickly.

•Operational Management means _______________ your business for a particular outcome through changes at the operational level.

Strategic Operations are ______________________ employed by an organization for growth and more profitability.

IKEA products are the example of _____________ Production

Six Components Operations Strategy are

Doing Things Right is

1.This tool analysis examines both internal and external factors – that is, what's going on inside and outside your organization.

2. What factor is this (  trade restrictions ,foreign trade policy ,tax policy )

3.what factor is this  (consumer protection laws health and safety laws)

4.what factor is this ( unemployment trend inflation rate exchange rate )

5.what factor is this (. Recyling standars attitudes towards green prdoucts support for renewable energy )

6. This is a framework or tool used to analyses and monitor the macro-environmental factors that may have a profound impact on an organization’s performance. This tool is especially useful when starting a new business or entering a foreign market.

7.  These factors are all about how and to what degree a government intervenes in the economy or a certain industry

8 . These factors pertain to innovations in technology that may affect the operations of the industry and the market favorably or unfavorably. This refers to technology incentives, the level of innovation, automation, research and development (R&D) activity,

9.  factors have come to the forefront only relatively recently. They have become important due to the increasing scarcity of raw materials, pollution targets and carbon footprint targets set by governments.

10.   an assessment of your competitors' products, services and sales tactics, evaluating their strengths and weaknesses relative to your own..

The purpose of this is to gather information and to analyze it systematically and thoroughly. None of us would be wise to make an important decision about anything in life without adequate and relevant information, and nor would tourism, hospitality, and events organizations.

Which of the following statements is incorrect

A stage in the strategic process involves taking the important information gathered from the strategic analysis stage and using it to make an intelligent and informed strategic selection or choice of the most appropriate courses of action for the future.

Which of the following statements is correct?

Once we have established the organization’s internal strengths and weaknesses, and its external opportunities and threats, the challenge becomes the selection of an appropriate strategy. Such a strategy is required to address the weaknesses and threats whilst at the same time, building upon the identified strengths and exploiting opportunities. It is important to understand that a detailed internal and external analysis is a necessary prerequisite for producing a summary of the strengths, weaknesses, opportunities, and threats – the SWOT. In other words, the SWOT emerges from the internal and external analyses and is a summary of the main results.