Republic of the Philippines

Cagayan State University

Tuguegarao City

Subject: Product Management

(Final Exam)

I. Identification:

1. The socially responsible role of management in relation to the community are expected to
revealed by its ___________________.
2. What must confirm to the social and economic policies of the government?
3. It should be the prime concern of management in the competitive market.
4. Managers salaries and allowances are expected to be _________________ with their
responsibilities, initiative and skills.
5. That kind of relationship that must be present between employer and their employees.
6. Fair wages should be ________________ in the light of labor productivity.
7. How can the long term business interest best served?
8. The view taken by business is that they have no obligation to the society in which they operate.
9. The position taken by companies which believe that they have a deep obligation to
serve the society.
10. It refers to the responsibilities of the students for their actions?
11. It prohibits specific actions & imposes fines / imprisonment as punishment for breaking
the law.
12. Refers to obeying governmental laws and regulations such as rights & duties of
individuals.
13. The duty of every individual has to perform so as to maintain a balance between the
economy and the ecosystems.
14. __________________ always favor socially responsible companies or they most enamored with
companies that maximize profits.
15. SSR is based on _______________________?

II. Enumeration

1-4: Specify the four major components of the order cycle.

5-11: List down seven functions of a retailer.
12-15: Enumerate four classifications of a full function wholesalers

III. True or False:

1. Fast delivery means less inventory for the retailer
2. The wholesaler assumes the risk of not disposing the goods he bought from the manufacturer.
3. The manufacturer cannot afford to ship goods to retailers in small quantities as they are often
needed.
4. The wholesaler is usually located in an area near his customers.
5. Selling to the final customer is called retailing
6. The combination house only serves the retailers.
7. Wholesalers may be classified according to sales volume.
8. Distribution refers to selling products to the end -users.
9. A customer is one who uses products for their own benefit.
10. Airplanes are the most reliable means of transporting products.
11. Public warehouses are operated only by professional warehousers.
12. Warehousing is important in physical distribution.
13. Trampers are franchised water vessels carrying general cargo.
 14. Barges covers every town in the country.
15. Too small inventory my mean lost

End of Exam!
“Well, tests isn’t fair. Those who study have an unfair advantage. It's always been that way.”

Prepared by: Checked by:

Joseph H. Cumagun, MBA Ma. Victoria C. Gannaban, Ph.D.

Instructor Subject Coordinator

Approved by: Further Approved by:

Antonia A. Taguinod, MBA Emerita P. Geron, CPA, Ph.D.

Department Chair College Dean
Identification:
1. Policies
2. Business activities
3. Service to customers
4. Linked
5. Harmonious
6. Fixed
7. Management social responsibility
8. Social opposition
9. Social contribution
10. Student social responsibility
11. Criminal law
12. Civil law
13. Social responsibility
14. Consumers
15. Individuals ethics

Enumeration:
1. Order placement
2. Internal order processing
3. Order preparation
4. Order shipment
5. Provide convenience
6. Guarantee and services
7. Promotional activities
8. Financing trnsactions
9. Storage functions
10. Intelligence services
11. Buying agent
12. Merchant wholesalers
13. Sales offices and branches
14. Agents
15. Brokers and commission houses

1. T
2. T
3. T
4. T
5. T
6. F
7. F
8. F
9. F
10. F
11. T
12. T
13. F
14. F
15. T