REVIEWER FOR FINALS SUM&EXAM

Question 1

A business must have reason to exist beyond that of making money and maximizing shareholder value.

Answer 1

BUSINESS BEYOND PROFIT MOTIVATION

Question 2

This are the following of the reasons to do business beyond profit

Answer 2

• Profit is an output, not a purpose
• Companies with a purpose beyond profit tend to make more money
• Business needs Purpose than Profit to Make It Through
• What is the purpose of doing business if it is not being profitable?
• Business with a strong sense of
purpose are more successful

Question 3

These cannot be the goal, vision, or
the purpose of an organization.

Answer 3

Profit is an output, not a purpose

Question 4

It is too temporary to guide a business by.

Answer 4

Profit is an output, not a purpose

Question 5

These are satisfied customers are the only source of long-term success, measures need to be related to purpose as defined from a customer point of view.

Answer 5

Companies with a purpose beyond profit tend to make more money

Question 6

It has many corporate and business strategies now include sustainability.

Answer 6

Business needs Purpose than Profit to Make It Through

Question 7

It focuses on issues related to human capital in the business supply chain, such as worker’s rights, working conditions, child labor, and human trafficking.

Answer 7

Social sustainability

Question 8

This is the starting point of great companies is Purpose.

Answer 8

Purpose of doing business if it is not being profitable?

Question 9

These are four main types of purposes according to Nikos Mourkogiannis

Answer 9

• Discovery
• Excellence
• Altruism
• Heroism

Question 10

The main four types of purposes is according to who?

Answer 10

Nikos Mourkogiannis

Question 11

It has rooted in intuition that life is a kind of adventure.

Answer 11

Discovery

Question 12

It implies standards and purports the belief that excellent performance in our role in life represents the supreme good.

Answer 12

Excellence

Question 13

It is a purpose built in serving its customers in a way that is beyond standard obligation.

Answer 13

Altruism

Question 14

It demonstrates achievement, often with a charismatic and visionary leader.

Answer 14

Heroism

Question 15

It Stand for something beyond simply increasing profits.

Answer 15

Business with a strong sense of purpose are more successful

Question 16

The people within the business have to be passionate about what they do and why they do it.

Answer 16

Business with a strong sense of
purpose are more successful

Question 17

What are The Most Popular Filipino Values that Influence Business Practices

Answer 17

• Pakikisama (Fellowship)
• Hospitality
• Family Orientation
• Joy and Humor
• Ability to Survive
• Hard work and Industriousness
• Flexibility, Adaptability and Creativity
• Utang na Loob (Debt of Gratitude)
• Filial Piety
• Padrino (Whom you know system)
• Suki
• Bahala na
• Mañana
• Amor Propio

Question 18

It is used to maintain good relations with others, and the fellowship is associated with adaptation, dealings and harmony.

Answer 18

Fellowship

Question 19

the proprietor must establish this kind of manner to their employees, suppliers and customers because it implies closeness to the others that would create a sustainable growth relationship.

Answer 19

Pakikisama

Question 20

Is the relationship between a guest and a host, wherein the host receives the guest with goodwill, including the reception and entertainment of guests, visitors, or strangers.

Answer 20

Hospitality

Question 21

Entrepreneurs should master on how to treat and provide excellent services on welcoming their suppliers and customers to create a good reputation and relationship since hospitality plays the fundamental role to increase or decrease the volume of sales, popularity and production growth in a business.

Answer 21

Hospitality

Question 22

It is a primary platform for which one encounters early socialization experiences.

Answer 22

Family Orientation

Question 23

Business operates and grow not only by means of profit and management. An entrepreneur operates business to find joy and happiness in his life.

Answer 23

Joy and Humor

Question 24

A Filipino has a sense of resourcefulness or the ability to survive with whatever situation or challenges they have.

Answer 24

Ability to survive

Question 25

They have an extraordinary ability to create something out of almost nothing.

Answer 25

Ability to survive

Question 26

Filipinos are determined and persistent to accomplish whatever they have set in their minds. In business, hard work and industriousness play a vital role to establish and develop business progress.

Answer 26

Hardwork and Industriousness

Question 27

They need employees who are willing to work overtime, with minimal supervision and resourcefulness comes with a hard work to serve the business.

Answer 27

Hardwork and Industriousness

Question 28

A Filipino has an ability to adapt, adopt and adept in any changes and challenges in life either in spiritual, social, emotional and physical aspect.

Answer 28

Flexibility, Adaptability and Creativity

Question 29

It shows duties and responsibility to pay the debts and return it with inner-self-free will the unsolicited gift or good treatment received from other people.

Answer 29

Debt of Gratitude

Question 30

An obligation to appropriately repay the good deeds which value is impossible to quantify or if there is a quantifiable value it may involve deeply personal internal dimension that will usually start from one generation and continue to another generation.

Answer 30

Utang na Loob (Debt of Gratitude)

Question 31

It upholds the affection and display courtesy to the family that most cases are likely working together in one company; living together in one house; paying the house bills of their parents.

Answer 31

Filial Piety

Question 32

It also takes good care of one’s parents and engage in good conduct not just towards parents but also outside the home so as to bring a good name to one’s parents and ancestors.

Answer 32

Filial Piety

Question 33

It supports with the strong relationship of people. Most of the job seekers automatically hired regardless of their qualifications and educational background through endorsements, political connections, family affiliations (nepotism) or friendships (cronyism).

Answer 33

Padrino (Whom you know system)

Question 34

It shows loyalty and trust relationship between a customer and supplier. It usually establishes at the market or business.

Answer 34

Suki

Question 35

If a buyer finds a trusted seller that offers a quality product they need, the loyalty and commercial connection of a buyer will be established to the seller and made several business transactions with their so called what?

Answer 35

Suki

Question 36

It shows an attitude of a person that is willing to submit everything to God or leaving things to happen by fate.

Answer 36

Bahala na

Question 37

They will only believe that the market will accept it if they will “do their best and let God do the rest.”

Answer 37

Bahala na

Question 38

It comes from the Spanish word “Mañana” which literally means

Answer 38

Tomorrow or Unspecified

Question 39

In business, the attitude that tends to delay the task, putting off tomorrow what they can do for today or postpone on the things that should be done right now may reduce volume of sales, loss customer trust and satisfaction, waste opportunities and interrupt the work flow.

Answer 39

Mañana

Question 40

Is a Spanish word which means “self – love”, a sense of self-esteem or self-respect that prevents a person from swallowing his pride and concerned for one’s reputation.

Answer 40

Amor Propio

Question 41

It includes sensitivity to personal insult or affront.

Answer 41

Amor propio