LESSON 2 Flashcards

(25 cards)

1
Q

This is where you register if your enterprise is a single
proprietorship. The agency will issue a certificate of
registration of business name

A

Department of Trade & Industry (DTI)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
1
Q

If your enterprise is a partnership or a corporation, this
is where you will register. It will issue a certificate of
registration

A

Securities & Exchange Commission
(SEC)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

If your set-up is cooperative, register with this body.
The agency will issue the certificate of registration.

A

Cooperative Development Authority
(CDA)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

You register with the municipality or city where you will
establish your business. Business permit will be issued
here

A

Local Government Unit (LGU)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Provide Barangay Clearance

A

Barangay Hall

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Business Taxpayer Identification number (TIN),
registration of book of accounts, authority to print.

A

Bureau of Internal Revenue (BIR)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

If you employ five workers or more, register your
business with this agency.

A

Department of Labor & Employment
(DOLE)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

This office will issue an SSS number for your business,
for yourself, as well as for your workers.

A

Social Security System (SSS)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

RA 7742 requires all SSS members earning at least 4k
a month to register with this agency. They administers
the Pag-Ibig Fund

A

Home Development Mutual Fund
(HDMF)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

employ less
than 200 workers or
those with an asset of no
more than 100 million

A

MSME (Micro-small & Medium
sized enterprises)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

Businesses having more
than 200 employees or
with an asset of more
than 100 million

A

Large enterprise

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

make up of 99.6% of
registered businesses in
the Philippines &
employ over 70% of the
working population.

A

Small & medium-sized
enterprises (SMEs)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

This business never goes out of style.
It is affordable and easy to market.
This offers a wide array of advantages in
terms of generating sales. It is also great training ground to learn the
science of the food industry business.

A

Food cart business

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

Driven by the passion & mission to save
the environment, more organic &
sustainable products are being produced &
well received by clients. This busines venture has also created job
opportunities for the locals.

A

Eco-friendly products

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

This business has been
a staple in the industry because many
Filipinos go to such establishments to
pamper and relieve themselves from
stress.

A

Beauty & wellness business

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

Unlike other products offered in the
market, water will always be in high
demand, which makes the company
relatively easier to handle

A

Water refilling stations

16
Q

For aspiring entrepreneurs, such a service-
centered business can provide a constant
profit stream because it pays on a per-
transaction basis.

A

Bill payment centers

17
Q

This business are lifesavers for most people
living in condominiums and apartments. This
type of business venture is largely dependent
on operational expenses

18
Q

This business experienced profitable
gains in the recent years, especially milk teas.
Since then, the franchising industry has
expanded its offering to those interested in
owning a beverage business.

A

beverage stands

19
Q

an informal type of school for
very young children where they learn things by
playing.

20
Q

The rise of social media to the growth of e-commerce
and cloud-based business solutions to the introduction
of new technologies like AI and blockchain, there has
never been a better time for businesses to embrace
digital marketing.

A

Digital marketing services

21
Q

Audit the company and aid in the expansion of
other firms there. For instance, you can audit
businesses in terms of their performance,
financials, traffic, and other factors.

A

Remote auditing business

22
Q

This kind of business will remain thriving in
2024 because many are still doing this,
knowing that it can give so many
opportunities as long as you know how to
manage it.

23
Q

According to the data, the Philippines received
investments worth slightly under 19 billion
pesos from outside in the first three months
of this year. A sizable portion of this is
classified as real estate.

A

Real estate-related business

24