QUIZ 1

Question 1

A financial institution that receives deposits from the public and generates credit.

Answer 1

Bank

Question 2

is defined as the organized way in which power is allocated and decisions are made within society

Answer 2

Political structure or institution

Question 3

is comprised of the President and the Vice President who are chosen by direct popular vote and fulfill a term of six years. The Constitution grants the President authority to appoint his Cabinet. These departments form a large portion of the country’s bureaucracy.

Answer 3

Executive branch

Question 4

can make laws, alter, and reverse them through the power bestowed in the Philippine Congress. This institution is divided into the Senate and the House of Representatives

Answer 4

Legislative branch

Question 5

maintains the power to resolve disputes concerning rights
that are legally demandable and enforceable. This branch decides whether there has been a serious abuse of judgment amounting to lack or excess of authority on
the part and instrumentality of the government. It is made up of a Supreme Court and lower courts.

Answer 5

Judicial Branch

Question 6

the capacity to realize desired ends despite opposition from others. The utilization of ___ is the business of government, which is defined as a formal organization that directs the political life of a society (Macionis, 2012) Therefore, governments demand compliance on the part of a population.

Answer 6

Power

Question 7

“power that people perceive as legitimate rather than coercive”

Answer 7

Weber’s concept of authority

Question 8

respect for a long-standing cultural pattern is used to legitimize power.

Answer 8

Traditional Authority

Question 9

or also known as bureaucratic authority>; legally created rules and regulations are used to legitimize power.

Answer 9

Rational-Legal Authority

Question 10

extraordinary personal skills that inspire devotion and obedience are used to legitimize power.

Answer 10

Charismatic Authority

Question 11

is being defined as an enduring organization, practice, or relationship created by individuals to handle and cope with basic economic dilemmas.

Answer 11

economic institution

Question 12

human beings also aim for goods and services which can be attained through help from the many or known as

Answer 12

Collective effort

Question 13

Transaction between two socially equal parties having the same status with regards to values of goods or services.

Answer 13

RECIPROCITY

Question 14

A form of transaction which utilizes gestures that expresses personal relationships than economic transactions

Answer 14

GENERALIZED RECIPROCITY

Question 15

In this form of transaction, the giver is expected to gain something in return although it does not have to be given instantly.

Answer 15

BALANCED RECIPROCITY

Question 16

This transaction is being practiced using deceiving ways to gain profit. In this form of transaction, individuals involved try to gain as much as conceivable while paying the least amount possible

Answer 16

NEGATIVE RECIPROCITY

Question 17

The process by which products produced out from the community is sent to a place where they are stored, counted, and later distributed back to the people.

Answer 17

REDISTRIBUTION

Question 18

The price of the transactions of deliverables and services are supposedly governed by the rules of supply and demand.

Answer 18

MARKET EXCHANGE

Question 19

Manage withdrawals and deposits as well as supplying short-term loans to a person and small-scale businesses.

Answer 19

Commercial/Retail Banks

Question 20

A bank that purchases large holdings of newly issued shares and resells them to investors.

Answer 20

Investment Bank

Question 21

Offers insurance policies to the public either by selling them directly to a person or through an employer’s benefit plan.

Answer 21

Insurance and Companies

Question 22

a legal unit that is distinct from its owners. Moreover, a ___ has the right to enter contracts, loan and borrow money, hire employees, own assets, and pay taxes.

Answer 22

CORPORATION

Question 23

are jointly owned enterprises engaging in the production or distribution of goods or services. __ are usually operated by farmers or consumers for their mutual benefit.

Answer 23

COOPERATIVES

Question 24

also known as labor unions are consist of workforces who have come together to attain mutual goals like protecting the integrity of its trade, improving safety standards, achieving higher pay and benefits like health care, and retirement

Answer 24

TRADE UNIONS

Question 25

Organizations that are devoted to manipulating political, economic, social,
and institutional decisions across country borders.

Answer 25

TRANSNATIONAL
ADVOCACY
GROUPS

Question 26

These are independent organizations whose goals are to help develop and support economic growth especially for the poor and marginal portion of the society. So, they may have opportunities for income and decent employment

Answer 26

DEVELOPMENT AGENCIES

Question 27

Include both governmental and nongovernmental organizations

Answer 27

INTERNATIONAL
ORGANIZATIONS

Question 28

transcend borders in pursuit of a common cause

Answer 28

International Non-governmental organizations

Question 29

refer to a grouping established by states and are based on treatise, have formal
structures, and meet at regular intervals (Santarita & Madrid, 2016)

Answer 29

International Governmental Organizations

Question 30

comprises an institution (school) and trained
teachers that will facilitate the learning process.

Answer 30

formal education

Question 31

The Bureau of Continuing Education was created from the Education Act of 1982 Section 24

Answer 31

NON –FORMAL EDUCATION

Question 32

Under the Aquino government the Bureau of Nonformal education was created under the

Answer 32

Executive Order No.117, in Article 14 sec 2(4) of 1987 Philippine Constitution

Question 33

it is parallel to an existing formal instruction only it is offered for those students who were not given a chance to complete their basic education due to many reasons.

Answer 33

Alternative Learning System

Question 34

Primary Functions of Education

Answer 34

● Develop a Productive Citizenry
● Promote self-actualization

Question 35

A productive citizen is greatly influenced through his/her education

Answer 35

Develop a Productive Citizenry

Question 36

In Maslow’s hierarchy of needs, the last to be achieved must be self-actualization, where a person must realize the sense of self-sacrifice, where the person no longer thinks of himself/herself but what he /she can contribute to the community.

Answer 36

Promote self-actualization

Question 37

This agency is created to promote non-degree technical programs

Answer 37

Technical Education and Skills Development Authority is known as TESDA