BEC REVIEW GUIDE WITH QUESTIONS
AND ANSWERS [GRADED A+]
MASTER FILE - ✔✔Keyword: MAC N CHEESE, MASTER'S DEGREE. A
place that you store, keep information that could be updated. For instance,
every school has it for its student. Workplace has this for the employees. In
the deli, we could have this file for the MAC N CHEESE, it will have the
vendor's name that Publix buys mac n cheese from, the address, how
much mac we bought from them. this is for the purpose of updating
information. A university master's degree archive has this to keep record of
all the student that obtained a master's degree from it and their personal
information.
MONOPOLISTIC COMPETITION - ✔✔Keyword: MARRIOT HOTEL.
BERNS AND OCEAN PRIME
CHACALITO BARBERSHOP.
©morren2026/2027.Year published 2026.
,many independent firms in the market that offer similar, but differentiated
product, but they are not perfect substitute. Hotel industry, hair salon,
cleaning supplies, lawn fertilizer. If I want a haircut, there are lots of barber
that I can go to get it done, while each would do a good job, some barber
will do a better job on my edge. Both BERNS and OCEAN PRIME offer
high quality foods, but not they're not the same food. They sell different
food at a higher cost.
PROCESS MAPPING - ✔✔Keyword : GETTING FULL TIME IN THE DELI
symbolic way of documenting, organizing a business process. For instance,
To get full time in the deli, the process is the associate starts out as a part
timer. The associate first learns the sub shop, making the sandwiches, after
he will learn to slice the meat, the learn the kitchen and the sales floor. A 4-
step process.
BALANCE SCORECARD - ✔✔Keyword: EVALUATION EVERY SIX
MONTH
a report that measures your success with your performance. It classifies
objectives into 4 perspectives. begins with learning and grown, Internal
business process, customer satisfaction, and Financial, how effectively you
©morren2026/2027.Year published 2026.
,are achieving your business objectives. the mystery shoppers that come in
the deli helps measure our performance.
PREEMPTIVE RIGHTS - ✔✔first deebs, if company's selling share, you
get to buy additional share proportional to what you're already have.
Common Share Characteristics - ✔✔Keyword: the mass, the proletariat
voting right
preemptive right
involved in the company decision
company is not obligated to pay dividend to you.
if the company goes bankrupt, you do not have right to liquidity.
PREFFERED SHARE - ✔✔you do not have voting rights. but have priority
over the company asset, in case of bankruptcy.
you get cummulative dividents
Debenture - ✔✔Keyword: debt
it's like the title document of the bonds like the contract paper.
©morren2026/2027.Year published 2026.
, CALLABLE BONDS - ✔✔Keyword : UNSTABLE BOND
also called redeemable bond, the company can pay off their debts early. If
the bond was due to be paid in 2030, the company realize interest is going
down, the company can call it off and pay at the lower interest rate.
INHERENT - ✔✔when a character is part of something innate in a
species. like a bird's ability to fly. As human we have common sense.
Something you are born with.
INHERENT - ✔✔Keyword is Innate when a character is part of something
innate in a species. like a bird's ability to fly. As human we have common
sense. Something you are born with.
SOLVENCY - ✔✔keyword is liquidity. are you able to pay your debts, a
firm's ability to pay its non-current obligation as they become due.do you
have cash? this will help you stay in business for in the long run.
COMPLEMENT GOOD - ✔✔Key word is pancake/maple syrup. they go
together. Like butter and milk. Racket ball and tennis ball. One product
©morren2026/2027.Year published 2026.
AND ANSWERS [GRADED A+]
MASTER FILE - ✔✔Keyword: MAC N CHEESE, MASTER'S DEGREE. A
place that you store, keep information that could be updated. For instance,
every school has it for its student. Workplace has this for the employees. In
the deli, we could have this file for the MAC N CHEESE, it will have the
vendor's name that Publix buys mac n cheese from, the address, how
much mac we bought from them. this is for the purpose of updating
information. A university master's degree archive has this to keep record of
all the student that obtained a master's degree from it and their personal
information.
MONOPOLISTIC COMPETITION - ✔✔Keyword: MARRIOT HOTEL.
BERNS AND OCEAN PRIME
CHACALITO BARBERSHOP.
©morren2026/2027.Year published 2026.
,many independent firms in the market that offer similar, but differentiated
product, but they are not perfect substitute. Hotel industry, hair salon,
cleaning supplies, lawn fertilizer. If I want a haircut, there are lots of barber
that I can go to get it done, while each would do a good job, some barber
will do a better job on my edge. Both BERNS and OCEAN PRIME offer
high quality foods, but not they're not the same food. They sell different
food at a higher cost.
PROCESS MAPPING - ✔✔Keyword : GETTING FULL TIME IN THE DELI
symbolic way of documenting, organizing a business process. For instance,
To get full time in the deli, the process is the associate starts out as a part
timer. The associate first learns the sub shop, making the sandwiches, after
he will learn to slice the meat, the learn the kitchen and the sales floor. A 4-
step process.
BALANCE SCORECARD - ✔✔Keyword: EVALUATION EVERY SIX
MONTH
a report that measures your success with your performance. It classifies
objectives into 4 perspectives. begins with learning and grown, Internal
business process, customer satisfaction, and Financial, how effectively you
©morren2026/2027.Year published 2026.
,are achieving your business objectives. the mystery shoppers that come in
the deli helps measure our performance.
PREEMPTIVE RIGHTS - ✔✔first deebs, if company's selling share, you
get to buy additional share proportional to what you're already have.
Common Share Characteristics - ✔✔Keyword: the mass, the proletariat
voting right
preemptive right
involved in the company decision
company is not obligated to pay dividend to you.
if the company goes bankrupt, you do not have right to liquidity.
PREFFERED SHARE - ✔✔you do not have voting rights. but have priority
over the company asset, in case of bankruptcy.
you get cummulative dividents
Debenture - ✔✔Keyword: debt
it's like the title document of the bonds like the contract paper.
©morren2026/2027.Year published 2026.
, CALLABLE BONDS - ✔✔Keyword : UNSTABLE BOND
also called redeemable bond, the company can pay off their debts early. If
the bond was due to be paid in 2030, the company realize interest is going
down, the company can call it off and pay at the lower interest rate.
INHERENT - ✔✔when a character is part of something innate in a
species. like a bird's ability to fly. As human we have common sense.
Something you are born with.
INHERENT - ✔✔Keyword is Innate when a character is part of something
innate in a species. like a bird's ability to fly. As human we have common
sense. Something you are born with.
SOLVENCY - ✔✔keyword is liquidity. are you able to pay your debts, a
firm's ability to pay its non-current obligation as they become due.do you
have cash? this will help you stay in business for in the long run.
COMPLEMENT GOOD - ✔✔Key word is pancake/maple syrup. they go
together. Like butter and milk. Racket ball and tennis ball. One product
©morren2026/2027.Year published 2026.
