Q4 Lesson 5: The Service Sector

Question 1

provides intangible goods, more precisely services instead of physical goods. This sector assists the other sectors in their activities such as the transportation of raw materials and finished products, transferring of funds, as well as providing healthcare to those who work in the other two sectors.

Answer 1

The service sector

Question 2

The service sector in the Philippines is divided into three categories, namely,

Give 3 categories with their examples

Answer 2

• services that facilitate exchange (wholesale/retail stores, telecommunication, banks, etc.)
• services that change the condition of a good or product (repair shops, transport & storage, etc.)
• services that change the physical or mental condition of people (resorts, restaurants, schools, healthcare providers, etc.)

Question 3

The service sector is a big (_)

Big what?

Answer 3

contributor to the country’s economic activity.

Question 4

As you can see in the data on the right, it shows that the service sector is indeed a (____) to the Philippine economy

Answer 4

major contributor

Question 5

it accounted for (____) of the GDP in 2014.

What percent?

Answer 5

56.7%

Question 6

Qualities of Filipino Workers in the Service Sector:

Give 4 qualities atleast

Answer 6

• Highly skilled workforce with a strong work ethic
• World-class proficiency in English
• Intercultural systems
• Self-reliance

Question 7

• A lot of Filipinos are highly skilled. Some may not have finished college, but they have gone thru a vocational school that has given them the skills to be proficient in their work. Also, a lot of them have very good work ethics that they can do their jobs well.

What 4 types of qualities is this?

Answer 7

Highly skilled workforce with a strong work ethic

Question 8

• Many Filipinos are very good English speakers especially those who work in call centers and in the hospitality industry. This is why the Philippines is among the top choices among foreign investors.

What 4 types of qualities is this?

Answer 8

World-class proficiency in English

Question 9

• The Philippines is a culturally diverse country, and this is evident in Filipinos being able to adapt easily to other cultures. This makes the Philippines an ideal choice for BPOs or Business Process Outsourcing or what your know as call centers.

What 4 types of qualities is this?

Answer 9

Intercultural systems

Question 10

• Filipinos are known to be self-reliant. This makes them dependable in the workplace.

What 4 types of qualities is this?

Answer 10

Self-reliance

Question 11

Despite the qualities of our Filipino workers, they also face challenges:

4 challenges

Answer 11

• Job security and labor flexibility
• Poor living conditions
• Low wages and income
• Minimum wage

Question 12

This problem is known as (_), which is the process of hiring a worker continuously for a period of not more than 5 months.

Answer 12

contractualization

Question 13

(_) is the amount of family income needed to provide for the family’s food and other basic needs, with enough allowance for extra needs, social security, and savings.

Answer 13

The living wage

Question 14

(_) is the lowest allowable wage rate paid to workers as mandated by law. This is set by the government. The amount varies depending on the type of job.

Answer 14

The minimum wage

Question 15

Contractualization is actually a loophole in (_)

Answer 15

Presidential Decree #442.