COLUMN 1
Kevin Corpuz is known for his extraordinary personal abilities that inspire devotion and obedience among his subordinates. This type of authority is known as:
CHARISMATIC AUTHORITY
This type of authority comes from a long-standing cultural pattern, customs, beliefs, and practices
TRADITIONAL AUTHORITY
Which branch of the government is responsible to enact, amend, and repeal a law?
LEGISLATIVE DEPARTMENT
A financial institution that receives deposits from the public and generates credit.
COMMERCIAL BANK
Frequently operated by farmers or consumers for their mutual benefits.
A company requires Nadine Lustre to perform during their charity event in exchange for publicity and exposure. What kind of reciprocity exists in the scenario?
BALANCED RECIPROCITY
_ _ _ _ is a financial institution
BANK
It is known as the transaction between two socially equal parties having the same status about the values of goods or services. _________
HINT: Starts with the letter R
RECIPROCITY
A legal unit that is distinct from its owners.
CORPORATION
The capacity to realize desired ends despite opposition from others is identified as. _________
HINT: _ _ _ _ _
What type of transaction exists when the giver is expected to gain something in return although it does not have to be instant? ________
GENERALIZED RECIPROCITY
Organizations which are devoted into manipulating political, economic, social, and institutional decisions across country boarders.
HINT: 3 words
TRANSNATIONAL ADVOCACY GROUPS
It consists of workers who have come together to get mutual goals like protecting the integrity of its trade, improving safety standards, achieving higher pay and benefits like health care, and retirement.
TRADE UNIONS / LABOR UNIONS
According to Weber, the power that people perceive as legitimate rather than coercive is categorized as. _______
What institution is defined as an enduring organization, practice, relationship created by individuals to handle or cope with basic economic dilemmas?
ECONOMIC INSTITUTION
Personal Abilities / personality / personal skills
Give 1 example of International Governmental Organization (Based on the discussion)
UN, ASEAN, WHO
It happens when goods and services are bought and sold using money.
Market Exchange
Paying taxes that are later used for free education and healthcare is an example of __
Redistribution
In Rational-Legal Authority, what is used to legitimize power?
RULES AND REGULATIONS / POLICY / WRITTEN RULES
This non state institution contribute to the economy by creating jobs an paying taxes
CORPORATIONS
Give at least one example of INGO (based on the discussion)
INTERNATION RED CROSS, GREENPEACE
This gives workers a voice against unfair treatment. They make sure jobs are safe and salaries are fair
LABOR UNION AND TRADE UNION
International Red Cross is an example of this non-state institution.