Contemporary Economic Issues Affecting the Filipino Entrepreneur Flashcards
What is a proof of ownership of a certain portion of the corporation, and you are entitled to a percentage shares of all its gains and losses?
Stocks
What is an amount paid regularly at a particular rate for the payment of borrowed capital?
Interest
is a product that people buy with the hope of that they will be beneficial or will generate income in the future.
Investment
Two Classification of Investment
- Short-term
- Long-term
marketable securities also known or as temporary investments, are financial investments that can easily be converted to cash, typically within 5 years. Many _____-____ ___________ are sold or converted to cash after a period of only 3-12 months. (INVESTOPEDIA)
Short-term Investment
includes buying of property and plan to resell them if the value increase, other buy stocks and bonds if keep these assets for more than one year.
Long-term Investment
is a place where traders can buy and sell stocks.
Philippine Stock Exchange
is a proof of ownership of a certain portion of the corporation and you are entitled to a percentage shares of all its gains and losses.
Stocks
You may also invest in _____ where a company directly borrow money from you in exchange for an interest.
Bonds
is the amount paid regularly at a particular rate for the payment of borrowed capital for the rate of 6% per annum as per BSP in the absence of any stipulation in the contract. (Refer to Bangko Sentral ng Pilipinas Monetary Board Resolution 796, dated May 16, 2013, the pertinent portion of which reads: “Section 1. The rate of interest for the loan or forbearance of any money, goods or credits and the rate allowed in judgments, in the absence of an express contract as to such rate of interest, shall be six percent (6%) per annum.)
Interest
is the payment for the use of land belonging to the landowner.
Rent
What is an amount of money that is paid to workers based on the number of hours?
Wages
What is the term used for the amount that is paid to workers on a fixed rate based on agreed rate of both by employee and employer?
Salaries
What is the amount collected by the government allocated for government expenditures to improve the service to the people?
Taxes
The word ____ is derived from an abridged version of the phrase “end of contract”. ____ is also sometimes referred to “5-5-5”, referring to the number of months until a non-regular employee’s termination or end of contract
Endo
Effects of High Taxes on Business
1.Inadequate Income
2.Low Wages
3.High Prices
4. Substandard Products
5. Product Unavailability and Continuation
6. Poverty and High Crime
workers feel the greater part of this burden.
1.Inadequate Income
so many taxes that the employee cannot pay good wages.
2.Low Wages
have to raise prices of the product to pay taxes.
3.High Prices
more money spend in paying multiple taxes than spend to improve the quality of the product.
- Substandard Products
Property taxes make the business to have a second though in stocking products with lower quantities.
- Product Unavailability and Continuation
many people unable to find jobs and commit crimes that makes businesses feel unsecured.
- Poverty and High Crime
The Tax Reform for Acceleration and Inclusion (TRAIN) Act, officially cited as Republic Act No. 10963, is the initial package of the Comprehensive Tax Reform Program (CTRP) signed into law by President Rodrigo Duterte on December 19, 2017.
The TRAIN law
Which term refers to a short-term employment practice in the Philippines?
Endo
What is the acronym T.R.A.I.N Act stands for which is signed into law by President Rodrigo Duterte?
Tax Reform for Acceleration and Inclusion
What is the term use for the amount paid by a tenant to the owner of the possession?
Rent
Where is the place where traders can buy and sell shares for investment?
Philippine Stock Exchange
What is an amount paid regularly at a particular rate for the payment of borrowed capital?
Interest
