Government Agencies and Their Functions
Flashcard
•
Business
•
12th Grade
•
Hard
Princess Catan
FREE Resource
Student preview

7 questions
Show all answers
1.
FLASHCARD QUESTION
Front
What is the role of the Department of Trade and Industry (DTI)?
Back
Business name registration for sole proprietorship, assistance in product development and marketing, conducts entrepreneurship training and seminars, provides support for micro, small, and medium enterprises (MSMEs).
2.
FLASHCARD QUESTION
Front
What does the Securities and Exchange Commission (SEC) do?
Back
Registration of partnerships and corporations, regulation and monitoring of registered business entities, provides legal guidelines for corporate governance and investment.
3.
FLASHCARD QUESTION
Front
What are the functions of the Bureau of Internal Revenue (BIR)?
Back
Issuance of Tax Identification Number (TIN), registration of business for tax purposes, collection of business taxes and issuance of receipts authority, conducts tax education programs for entrepreneurs.
4.
FLASHCARD QUESTION
Front
What is the purpose of the Mayor’s Office in relation to businesses?
Back
Issuance of Mayor’s Permit or Business Permit, inspection and monitoring of business establishments, collection of local business taxes and regulatory fees.
5.
FLASHCARD QUESTION
Front
What benefits does the Social Security System (SSS) provide?
Back
Social security coverage for business owners and employees, benefits such as sickness, maternity, disability, and retirement, manages employer registration and contribution payment services.
6.
FLASHCARD QUESTION
Front
What services does PhilHealth offer?
Back
Health insurance coverage for employers and employees, financial assistance for hospitalization and medical needs, handles membership registration and premium contribution collection.
7.
FLASHCARD QUESTION
Front
What programs does the Pag-IBIG Fund provide?
Back
Savings and housing loan programs for entrepreneurs and employees, manages membership registration and contribution payments, offers short-term loans such as calamity and multi-purpose loans.
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