Business Registration and Selling

Question 1

An act to regulate the use in business transactions of names other than true names, prescribing the duties of the director of the bureau of commerce and industry in its enforcement, providing penalties for violations thereof, and for other purposes

Answer 1

RA 3883

Question 2

Promotes and regulates business activities by registering and licensing businesses.

Answer 2

DTI (DEPARTMENT OF TRADE AND INDUSTRY)

Question 3

Issues barangay clearance, mayor’s business permit, Certificate of final electrical inspection, and Health and Sanitary Permit

Answer 3

LGU (LOCAL GOVERNMENT UNIT)

Question 4

Enforces tax, laws, assesses, and collects all national revenue taxes, fees and charges.

Answer 4

BIR (BUREAU OF INTERNAL REVENUE)

Question 5

Enforce social and labor legislation to protect the working class and regulate the relations between the worker and his employers. Must be secured if you employ 5
workers or more

Answer 5

DOLE (DEPARTMENT OF LABOR AND EMPLOYMENT)

Question 6

Agency in charge of development
and monitoring cooperatives in the
country

Answer 6

CDA (COOPERATIVE DEVELOPMENT AUTHORITY)

Question 7

Processes applications and issues a certificate or registration for partnerships and corporations.

Answer 7

SCA (SECURITIES AND EXCHANGE COMMISSION)

Question 8

Aims to protect its members and beneficiaries 14% of an employee’s monthly salary (Employer: 9.5% | Employee: 4.5%)

Answer 8

SOCIAL SECURITY SYSTEM

Question 9

National Savings Program and affordable shelter financing for the Filipino worker a fixed monthly contribution of ₱200.00 (50/50- employer:employee)

Answer 9

HDMF (HUMAN DEVELOPMENT MUTUAL FUND)

Question 10

Aims to provide Filipinos with financial assistance and access to affordable health services.
Employer: 50% of contribution
Employee: 50%, monthly deducted on salary

Answer 10

PHILIPPINE HEALTH INSURANCE CORPORATION

Question 11

Using psychological pressure on the customer by appealing to their fear, greed, and pride to sell a given product or service

Answer 11

AGGRESSIVE SELLING

Question 12

Focuses on one-time sales, with
the ultimate goal of making the
the maximum amount of sales from
the maximum amount of
customers.

Answer 12

TRANSACTIONAL SELLING

Question 13

The seller, acting as a trusted advisor, assists the buyer in identifying needs and offering solutions within their relationship.

Answer 13

CONSULTATIVE SELLING

Question 14

Involves developing a partnership between the buyer and seller.

Answer 14

COLLABORATIVE SELLING

Question 15

form of electronic commerce which allows sellers to directly sell
goods or services to a buyer over the Internet using a web browser.

Answer 15

ONLINE SELLING

Question 16

“It shall be unlawful to offer any consumer product for retail sale to the public without an appropriate price tag, label, or marking publicly displayed to indicate the price of each article and said products shall not be sold at a price higher than
that stated therein and without discrimination to all buyers.”

Answer 16

REPUBLIC ACT NO. 7394, Article 81 (PRICE TAG REQUIREMENT)

Question 17

Specifically prohibits the manufacture, importation, exportation, sale, offering for sale, distribution, transfer, nonconsumer use, promotion, advertising or sponsorship of health products (including medical devices and supplies) without the proper authorization.

Answer 17

REPUBLIC ACT NO. 9711, Article 81 (FOOD AND DRUG ADMINISTRATION ACT OF 2009)