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Understanding Culture,

Society, and Politics


Quarter 2 – Module 2:
Forms and Functions of
Non-state Institution
Understanding Culture, Society, and Politics – Senior High School
Quarter 2 – Module 2: Forms and Functions of Non-state Institution
First Edition, 2020

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Understanding Culture,
Society and Politics
Quarter 2 – Module 2:
Forms and Functions of Non-
state Institution
Introductory Message
For the facilitator:
As a facilitator, you are expected to orient the learners on how to use
this module. You also need to keep track of the learners' progress while
allowing them to manage their own learning at home. Furthermore, you are
expected to encourage and assist the learners as they do the tasks included
in the module.

For the learner:


As a learner, you must learn to become responsible of your own
learning. Take time to read, understand, and perform the different activities
in the module.
As you go through the different activities of this module, be reminded
of the following:
1. Use the module with care. Do not put unnecessary mark/s on any
part of the module. Use a separate sheet of paper in answering the
exercises.
2. Do not forget to answer Let Us Try before moving on to the other
activities.
3. Read the instructions carefully before doing each task.
4. Observe honesty and integrity in accomplishing the tasks and in
checking your answers.
5. Finish the task at hand before proceeding to the next.
6. Return this module to your teacher/facilitator once you are done.
If you encounter any difficulty in answering the tasks in this module,
do not hesitate to consult your teacher or facilitator. Always bear in mind
that you are not alone. We hope that you will experience meaningful
learning through this material and gain deep understanding of the relevant
competencies.
You can do it!

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Let Us Learn
In the previous module, we have learned the different roles and functions of
state agencies and institutions that have become the backbone and partner
of the government in making the country keep moving and make the people
keep going. However, in a complex society, state institutions are not enough
to make everything in the country work well; there are different institutions
and organizations created or made that serve as the government's partner
that supports the state agencies in making its goals for civic good to be
realized. Thus, in this module, you will explore the different non-state
institutions that can be found in the different levels of society that has been
of great help among the people and of the state.

The focus of this module:


The forms and functions of non-state institutions

At the end of the lesson, you are expected to:


1. identify the characteristics of non-state institutions;
2. explain the different forms and functions of non-state institutions;
3. evaluate the roles and impact of non-state institutions to the society;
and
4. appreciate the importance of non-state institutions to the people, the
country, or the world.

Let Us Try
Directions: Read the questions carefully and choose the letter of the
correct answer. Write your reply to another sheet of paper or in your
notebook.

1. Which of the following belongs to a non-state institution?


a. BDO Network Bank c. DSWD
b. DepEd d. PNP
2. Which of the following statement is true about non-state
institutions?
a. Non-state institutions are government set up institutions to
provide services for the common good.
b. Corporations, cooperatives, and trade unions are examples of
non-state institutions.
c. Political organizations are all non-state institutions.

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d. All of the above
3. The following are forms of non-state institution EXCEPT:
a. Non-Government Organizations (NGOs)
b. Multinational Enterprises
c. Banks
d. Local Government Units (LGUs)
4. Which of the following prompted workers to form trade unions?
a. exploitation by employers
b. poor working conditions and low wages
c. lack of dignity and respect at the workplace
d. All are correct
5. This form of the non-state institution concerns negotiating better
working conditions and giving general advice and support to
workers.
a. Cooperatives c. Labor Unions
b. DSWD d. International Organizations
6. What non-state institution whose goal is to help, develop, and
support economic growth within a specified city or region by
providing necessary resources and assistance?
a. Developmental Agencies c. International Organizations
b. European Union d. United Nations
7. Which of the following is NOT a function of a cooperative?
a. It promotes and undertakes savings and lending services
among its members.
b. It procures and distributes commodities to members and
nonmembers.
c. It is organized to achieve a lawful common social or economic
end, making an equitable contribution to the capital required
and accepting a fair share of the risks and benefits.
d. It represents its members to negotiate agreements with
employers on payments and conditions.
8. What non-state institution concerned in providing short-term
working capital and medium- and long-term financing to
businesses engaged in agriculture, services, industry, and
housing?
a. Rural banks c. Central Bank
b. Trade Unions d. all of them
9. Which of the following banks below can be labeled as Commercial
Bank?
a. Banco De Oro c. City Savings Bank
b. Central Bank d. BPI Savings Bank

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10. The statements below show the impact of cooperatives on the
community EXCEPT:
a. Cooperative businesses stabilize communities because they
distribute, recycle, and multiply local expertise and capital
within a community.
b. Cooperatives promote gender equality through their financial
loans given regardless of gender and membership.
c. Cooperatives solve the general economic problem of under or
overproduction, business uncertainty, and high community
costs.
d. Cooperatives enable their members to generate income and
jobs, accumulate assets, and provide affordable, quality
goods and services.
11. Which international organization was created to promote peace
and cooperation throughout the world?
a. United Nations c. World Health Organization
b. World Bank d. European Union
12. Which of the following is the best explanation of a
nongovernmental organization?
a. An organization formed through a government, or group of
governments, to advance the public good.
b. A non-profit advocacy group regarding advancing the public
good
c. A non-profit private organization relatively independent from
government whose purpose is to advance the public good
d. A non-profit public organization relatively independent from
government whose purpose is to advance the public good
13. Which of the International Organization below aims to help the
children cope with poverty around the world?
a. United Nations
b. World Bank
c. Save the Children
d. European Union
14. Mr. Ben is a worker in a banana plantation. He has been
working for longer hours every day yet receives only a minimum
salary without overtime pay. To which of the following non-
government agency below he could ask for help to petition for
overtime payment to his employer of the hours he rendered?
a. Workers Union
b. Cooperative banks
c. Barangay Council
d. Social Welfare Organization

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15. The following are the impacts of Non-government institutions
and organizations, EXCEPT:
a. It empowers marginalized groups and exert effort in
addressing inequality.
b. It strengthens local communities through its programs and
project especially for the poor.
c. It develops friendly relations among nations
d. None of the above

Let Us Study
It is a wonderful day of learning! I hope you are now sitting
comfortably in your own place as we keep going towards new journey of
discovering something new about our lesson on non-state institutions. But
before you start the said expedition, do the exercise first to prepare yourself
by answering task 1.

Task 1: Name that logo!

Directions: In this activity you are going to name the common logos
that can be seen around. You may ask for help from your family members in
order to identify all the items given. Write your answer on your activity sheet
or in your notebook.

1. 2. 3.

4 5. 6.

Guide questions:
A. What do you think are the kinds of institutions presented above?
_____________________________________________________________________
B. Do you think these are helpful to the people or to our society? Why?
_____________________________________________________________________

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Task 2: Let’s dig in!

Non-state Institutions

Governments have put up different institutions that provide services


for its people's welfare, such as public works, military and police forces,
education, transportation, public works, health services, and other
departments and agencies. Similar institutions are utilized by external
support agencies as channels for programs and projects intended to benefit
the poor. These are non-state institutions that take various forms and have
different functions and purposes that greatly impact the people's everyday
living and the country's activities as a whole. There are significant numbers
of these institutions that promote human rights while others, unexpectedly,
commit crimes or even perpetrate violations affecting people's lives and basic
freedoms.

Forms of Non-state Institutions


 Non-state institutions intended to promote the country’s economy

A. Banks

Banking institutions are companies, corporations, or associations, or


any lawful organizations approved by the government which is engaged in
the lending of funds acquired from the general population through the
receipt of deposits and the sale of bonds or obligations of any kind (Jimenez
2017, 174). These also lend money to individuals and business houses that
need it.
In our country, Bangko Sentral ng Pilipinas or BSP has the sole
authority in monitoring and compiling various indicators on the Philippine
banking system and classified banks according to the following:

1. Universal and commercial banks are banking institutions that grant


short term loans and varieties of banking services. This represents the
largest group, resource-wise, of financial institutions in the country.
Universal banks offer services, which are wholesale banking, retail
banking, and investment banking. Thus, it operates and functions like
a commercial and investment bank. Examples of existing universal
banks in the country include Banco De Oro (BDO), Bank of the
Philippine Islands (BPI), Philippine National Bank, and UnionBank,
while commercial banks include East West Bank and Bank of
Commerce (Jimenez 2017,175).
These are the largest universal and commercial banks in the country
by total assets as of December 2019:
Top 10 Best Banks in the Philippines as to Assets

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Source: https://www.esquiremag.ph/money/industry/rural-thrift-commercial-banks-
differences-a00289-20200709

2. The thrift banking system – These are banks specializing in offering


savings accounts and home mortgages for clients. These are
sometimes referred to as Savings and Loan Associations (S&Ls). They
accumulate savings from depositors, and then invest it. They also
provide short-term working capital as well as medium- and long-term
financing to businesses engaged in agriculture, services, industry and
housing, and diversified financial and allied services, and to their
chosen markets and constituencies, especially small and medium
enterprises and individuals (Caña 2020).

Source: https://www.esquiremag.ph/money/industry/rural-thrift-commercial-banks-
differences-a00289-20200709

3. Rural and Cooperative Banks- These are the most well-known type of
banks in the rural communities. Their role is to promote and expand
the rural economy in an orderly and effective manner by providing the

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people in the rural communities with basic financial services. They
help the farmers through the stages of production, from planting to
selling of their products (Jimenez 2017, 175).

Rural banks and cooperative banks are differentiated from each


other by ownership. Rural banks are privately owned and managed;
cooperative banks are organized/owned by cooperatives or federation
of cooperatives. Example of banks belong to this group are, East West
Rural Bank Inc., Cantilan Bank Inc (A Rural Bank), and One Network
Bank (A Rural Bank).

Source: https://www.esquiremag.ph/money/industry/rural-thrift-commercial-banks-
differences-a00289-20200709

B. Corporations

Corporations are legal entities that are independent and distinct


from their owners. Corporations enjoy most of the rights and
responsibilities that people have; they can enter agreements, loan and
borrow money, sue and be sued, recruit workers, own assets, and pay
taxes. These may be non-profit organizations engaged in activities for
the public good; municipal corporations, such as cities or towns; or
private corporations organized to profit (Kenton, 2020).

In legal interpretations, a corporation is like a person who has


responsibilities and has the power to buy, sell and own property; it
can enter into leases and contracts, and it can even bring lawsuits. It
also must pay taxes or, if failed, can be prosecuted or punished if it
breaks the law. The leading corporations in the country are SM Prime
Holdings, San Miguel Corporation, Ayala Land, SM Investments
Corporations, JG Summit, Petron Corporation, Smart Corporations,
Nestle, and Meralco.*

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*https://www.inc.com/articles/1999/10/14108.html. Retrieved on October 18, 2020

Philippines Top 5 Companies List by Market Cap as on January 1,


2020 (Source: https://www.value.today/headquarters/philippines)

Top 1

Top 2

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Top 3

Top 4

Top 5

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C. Cooperatives

These financial institutions promote and undertake savings and


lending services among their members. These generate common pool
of funds to provide financial assistance and other related financial
services to their members. Furthermore, each member has a fair
share of the risks and benefits of his/her financial undertaking by the
agreed cooperative principles, rules, or regulations (Jimenez
2017,177).

There are different types of cooperatives in the Philippines, and these


are:

a. Credit Cooperative – is a financial institution owned and controlled


by its members that promote and undertakes savings and lending
services. It generates a shared pool of funds to provide financial
assistance and other related financial services to its members.

b. Consumer’s Cooperative – frequently appears as retail outlet


possessed and worked by the consumers, for example, food co-ops.
Its primary aim is to procure and distribute goods to its members
and even nonmembers.

c. Producer’s Cooperative – is a joint production undertaking of all


members where they processed products from raw materials to
produce goods for sale by the cooperative to its members and
nonmembers or their chosen market. All the products made shall
be sold in the name and account of the cooperative, shall be
considered as products of the cooperative and its members.

d. Marketing Cooperative – focuses on supplying goods or production


inputs to members and marketing their products.

e. Service Cooperative – concerns giving services such as medical and


dental care, hospitalization, transportation, insurance, housing,
labor, electric light and power, communication, professional and
other services.

f. Multipurpose Cooperative – is a combination of two or more of the


forms of different types of cooperatives. Example of this is Panabo
Multi-Purpose Cooperative (PMPC).

g. Advocacy Cooperative – is a cooperative focused on advocating


cooperativism among its members and the public through socially-
oriented projects, education and training, research and

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communication, and other activities to reach out to its intended
beneficiaries.

h. Agrarian Reform Cooperative – intends to develop an appropriate


system of land tenure, land development, land consolidation and
land management which is organized by marginal farmers who are
agrarian reform beneficiaries.

i. Cooperative Bank – is a cooperative that aims to provide wide range


of financial services to its members.

j. Dairy Cooperative – has members that are engaged in fresh milk


products which may be possessed or marketed as dairy products

k. Education cooperative – is organized to own and operate licensed


educational institutions without going beyond what is stipulated in
RA No. 9155 known as the Governance of Basic Education Act of
2001

l. Electric Cooperative – has the purpose of managing the generation


and utilization of renewable energy sources and the acquisition
and operation of sub-transmission or distribution to household
members. Common example of this is the electric cooperative in
most provinces like Davao del Norte Electric Cooperative
(DANECO).

m. Fishermen Cooperative – is organized by fishermen members in


localities whose products either as fresh or processed products.

n. Housing Cooperative – is a cooperative that aims to provide or


assist members who actively participate in the housing savings
program to have access to housing provisions. It is controlled and
co-owned by its members.

o. Insurance Cooperative – aims to venture into the business of


insuring life and property of cooperative and their members.

p. Water Service Cooperative – is organized to manage water systems'


distribution and operation to distribute potable waters to its
members and their households.

q. Worker’s Cooperative – is organized by workers who are workers,


aiming to provide employment and business opportunities to its
members.

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r. Other types of cooperatives as may be determined by the
Cooperative Development Authority (CDA)*

The cooperatives mentioned above are just a few of the long lists from the
CDA, which can be found on their official website.

D. Labor/Trade Unions

These are membership-based organizations created by workers


and their leaders who are united to promote, protect their common
interest and welfare in their workplace. For example, the same
company's banana plantation workers can create their own union to
be heard and be given what is due to them, especially during
disadvantageous or unfair situations in their workplace. Specifically,
trade unions represent their members to accomplish the following,
which are the reasons why workers would join:

1. Negotiate agreements with employers on their wage/salary and


working conditions
2. Deliberate significant changes to the workplace
3. Discuss members’ concern towards their employers
4. Escort members in disciplinary and grievance meetings
5. Provide legal and financial provisions for members
6. Raise concerns and demands for the members such as free health
and insurance benefits, and the like
7. Take collective action to enforce the agreed terms with employers
(Jimenez 2017, 178)

Most of these trade unions are independent of any employer. The


Department of Labor and Employment (DOLE) and the National Labor
Relations Commission (NLRC) are the government's overseers to ensure the
employees' welfare in congruence with what is stated in the Constitution
and the Labor Code of the Philippines. Unions are usually independent of
their employers, yet sometimes they work closely or take the form of
partnership to come up with a collective agreement that will give satisfaction
to both of them.
Agreements can be reached voluntarily but sometimes with the help
of the arbitration panel from the NLRC. In case agreement of both parties is
impossible, a union may apply for statutory recognition in written form,
which can be secured first from the employer. However, if the employer
refuses to do so, then the union can bring the case to the NLRC, Court of
Appeals, and Supreme Court for a decision. The court will then assess the
level of union membership and the presence of any other union.
*http://attyatwork.com/introduction-to-cooperatives-kinds-of-cooperatives-in-the-philippines, Retrieved October 15, 2020

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Whether the union is recognized or not, membership in it is voluntary
and does not require all workers to join as stipulated in our law; thus, they
have the right to refuse to become a member. The worker is also protected
from discrimination for being a union member. Moreover, trade union
membership should not be grounds for refusal or dismissal from
employment and illegal selection for termination or redundancy by the
employer.
Nonmember workers will still enjoy the same protection as it does to
union members if a collective bargaining agreement is reached. Employers
cannot force workers to join their (employers) preferred union and has no
right to deduct payments from the employees in return for union
membership without the employees’ approval.

 Collective Bargaining- is the process of negotiating the terms or


conditions of employment such as working conditions, rules in the
workplace, retirement and health benefits, wage/salary and bonus,
and the like between an employer and organization of workers.

 Redundancy- refers to an employee's dismissal from his/her job by


the employer to reduce the workforce. If you are being made
redundant, you are entitled to receive redundancy pay.

OTHER NON-STATE INSTITUTIONS


The following below are non-state institutions that are noneconomic.

A. Transnational Advocacy Groups

Transnational advocacy groups are organized to promote and


advocate principled causes, ideas, and values that aim to bring
change to ordinary people's daily lives. Members can be any
knowledgeable, committed individuals and organizations with the
same cry for change across state borders. Advocacy organizations are
known by different names: non-state actors, NGOs, and transnational
advocacy networks. Among the common actors that play a significant
part in the establishment of these organizations are the media,
nongovernmental organizations (NGOs), religious organizations, local
social movements, foundations, trade unions and consumer
organizations, intellectuals and scholars, and other agencies in
international and regional intergovernmental organizations and the
like (Jimenez 2017, 180).
Among the issues that these groups are determined to give
attention include human rights, consumer rights, women’s rights,
environmental issues, international peace, and many others. These
groups become influential because of their relationships and

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connections being developed with other like-minded groups across
borders that they use to change international policy and action.

Importance of Transnational Advocacy Groups


a. They serve as voices of civil societies and of groups outside the
political arena.
b. They promote more comprehensive opportunities for dialogue on
human rights issues, cultural and environmental concerns, and
others across borders.
c. Through mobilization of information in support of a cause, they
can influence international policy, actions, or practices.
d. They create activities among themselves to forward their
principled cause and make it happen.

B. International Organizations
These are created after an international agreement between countries
or organizations and become institutions that provide avenues for
diplomatic agreement, rules, and activities among nations. International
organizations can be categorized into two: International Governmental
Organizations (IGOs) and International Nongovernmental Organizations
(INGOs or, more commonly, NGOs).
IGOs and NGOs exist for different reasons, such as controlling the
multiplication of conventional and nuclear weapons, overseeing trade
exchange, keeping up military alliances, ending world hunger, poverty, or
discriminations, and encouraging the spread of democracy harmony.
The most notable International Organization is the United Nations, which
was established on October 24, 1945, which aims to end World War II; the
organization also creates programs and advocacies that aim to address
poverty, hunger, and terrorism. Environmental problems, economic issues,
and many others can be read in Article one of the UN Charter.

Source: https://www.sparknotes.com/us-government-and-politics/political-science/international-
politics/section4/

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Let Us Practice
Task 3: Let’s Answer!
Directions: Express your answer on a separate sheet of paper based
on what you have learned from the readings above.

1. Differentiate a rural bank from a commercial bank. Use a Venn


diagram to express your answer and give at least three solutions in
each letter.

A- Rural Bank
B- Commercial Bank
C- Similarities

C
A B

2. What makes the corporation significant in society?


_____________________________________________________________________
_____________________________________________________________________

3. Among the various cooperatives discussed which among these are


found in your own community? How it impacts the lives of its
members and of the people in your community?
_____________________________________________________________________
_____________________________________________________________________

4. What are the similarities and differences between international


organizations and transnational advocacy groups? Cite at least three
examples for each.
_____________________________________________________________________
_____________________________________________________________________

5. What do you think the other non-state organizations you feel should
be created or formed in your own community or locality?
_____________________________________________________________________
_____________________________________________________________________

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Let Us Practice More
Task 4: Let’s check it out!
Directions: Interview a member of a family or someone you know through
social media who is a member of any of the above-mentioned non-state
institutions and ask him/her about the following. Write your answer on a
separate sheet and use the caravan graphic organizer (as shown below) in
giving your answer.

___________ ___________ ___________ ___________ ________


___________ ___________ ___________ ___________ ________
___________ ___________ ___________ ___________ ________
___________ ___________ ___________ ___________ ________
___________ ___________ ___________ ___________ ________
___________ ___________ ___________ ___________
_ __ ___ ___
1 2 3 4 

 Name of the organization or non-state institution


1. What are the primary concerns of their group/organization?
2. How do they choose their members and leaders/officers?
3. What are the duties and responsibilities she/he has as a member?
4. What benefit can she/he get as a member of that group?

Let Us Remember
Directions: Based on the discussions above, complete the sentence by filling
in the blanks with what you have learned on this topic. Write your answer
on another sheet of paper or in your activity notebook.

1. I have learned that non-state institutions are ____________________


_____________________________________________________________________

2. Non-state institutions have different forms, and these are ____________


_____________________________________________________________________

3. Non state institutions impacts the local and international community


through ____________________________________________________________
_____________________________________________________________________

4. Banks and cooperatives specifically help in _________________________


____________________________________________________________________

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5. Trade unions are important institutions because _____________________
_____________________________________________________________________

6. There are different international organizations such as:


_______________
___________________________________________________

Let Us Assess
A. Multiple Choice
Directions: Read each question carefully and choose the correct
answer. Write your answer on another sheet of paper or in your
activity notebook.

1. These institutions are used by external support agencies as


channels for projects intended to benefit the poor.
a. International Organizations
b. Banks
c. Cooperatives
d. Non-state institutions
2. It is the bank that has the sole authority to oversee the banking
systems in the Philippines.
a. Central Bank of the Philippines
b. BDO Network Bank
c. Metro Bank
d. Land Bank of the Philippines
3. This is a form of a non-state institution whose primary concern is
to create an organization for the benefit of workers of a particular
company or workplace by protecting and upholding their rights
and privileges.
a. Consumers Cooperative
b. Worker’s Cooperative
c. Labor Unions
d. All of the above
4. Which of the following is the best explanation of a cooperative?
a. A for-profit business owned by shareholders
b. A nonprofit charitable organization
c. A business owned by two or more people
d. A business owned by people who work for it or are served by
it

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5. Which of the following is an example of a rural or cooperative
Bank?
a. Land Bank of the Philippines
b. One Network Bank
c. Bank of the Philippine Islands
d. UnionBank
6. This type of cooperative is concerned with engaging in savings and
credit services and other financial services:
a. Education Cooperative
b. Financial Service Cooperative
c. Worker’s Cooperative
d. Multipurpose cooperative
7. Which of the following is NOT a function of a trade union as a non-
state institution?
a. Negotiates wages and working condition of workers
b. Take collective action to enforce the terms of collective
bargaining
c. Promotes financial literacy and grants its members loans to
startup a business.
d. Discusses members' concerns with employers.

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8. Asia Pacific Economic Cooperation (APEC), United Nations (UN),
European Union (EU), and World Health Organization (WHO) are
examples of what institution?
a. IGO
b. NGO
c. Development Agencies
d. Transnational Advocacy Group
9. Which of the following is the focus of transnational advocacy
groups?
a. Promote the welfare of workers and fair wage agreements.
b. Give voice to the vulnerable members of the community in
domestic and international lawmaking bodies.
c. Represent the trade unions to voice their concerns to their
employers.
d. Promote maintaining international peace and security among
nations.
10. It helps poor and middle-income countries get money to build
improvements, reduce poverty, and make loans to poorer
countries.
a. United Nations (UN)
b. World Bank
c. World Health Organization (WHO)
d. North Atlantic Treaty Organization (NATO)
11. Which of the following international organizations aims to
prevent another world war from happening, which also spearhead
efforts on eradicating poverty, hunger, terrorism, and the like?
a. UNESCO b. UN c. WHO d. EU
12. Which of the statement below is NOT an impact of a non-state
institution?
a. It strengthens local communities through its programs and
project, especially for the poor.
b. It empowers marginalized groups and exerts effort in
addressing inequality.
c. It develops friendly relations among nations
d. None of the above
13. If you wish to build your own sari-sari store business but you
have no capital to realize it, to what institution you can be able to
ask for help to finance your business?
a. Land Bank of the Philippines
b. Radiowealth Lending Finance Company
c. Farmer’s Cooperative
d. Banana Planters Association Cooperative

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14. A group of farmers can create their own association and
cooperate to avail government and non-government subsidies for
crop production and distribution.
a. True
b. Sometimes True
c. False
d. Sometimes False
15. Which of the following prompted workers to form trade unions?
a. exploitation by employers
b. poor working conditions and low wages
c. lack of dignity and respect at the workplace
d. All are correct

Let Us Enhance
Task 5: Let’s Create it!
Directions: Create a collage or poster on a short bond paper showing
the importance and impacts of the different non-state institutions
towards the people and community or nation-building.

Rubrics for poster/collage:


Relevance to the topic---5 pts.
Creativity------------------3 pts.
Visual impact-------------2 pts.
Total 10 pts.

Let Us Reflect
Task 6: If I were!

Directions: Complete each sentence with your learnings gained in this


module. Write your answer on your activity sheet or on a separate paper.

 Non-state institutions have taken part in effecting change in the


country through ____________________________________________________
 If given a chance to join a transnational group, I wish to join
_____________________________________________________________________
because ____________________________________________________________.
 If I will create a non-state organization, my advocacy will be __________
_____________________________________________________________________

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Answer Key

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References

Attyatwork.com. “Introduction to Cooperatives: Kinds of Cooperatives in the


Philippines”. Accessed October 15, 2020,
http://attyatwork.com/introduction-to-cooperatives-kinds-of-
cooperatives-in-the-philippines
Caña, Paul John, “Rural Bank, Thrift Bank, Commercial Bank: What’s the
Difference?”, Esquire,
https://www.esquiremag.ph/money/industry/rural-thrift-
commercial-banks-differences-a00289-20200709
Inc. “Corporation: Definition, Types, Formation, Maintenance” Accessed
October 20, 2020,
https://www.inc.com/articles/1999/10/14108.html
Jimenez, Everlinda D., #Introspect: Understanding Culture, Society and
Politics, Makati City, Don Bosco Press, Inc., 2017, 174-182
Kenton, W. (2020). Corporations. Investopedia, April 24, 2020, Accessed
September 28, 2020,
https://www.investopedia.com/terms/c/corporation.asp
Sparknotes. “International Organizations” Accessed October 20, 2020,
https://www.sparknotes.com/us-government-and-politics/political-
science/international-politics/section4/
Value.Today (2020). “About World Top Companies Value”. Accessed October
17, 2020, https://www.value.today/headquarters/philippines)

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For inquiries or feedback, please write or call:

Department of Education – Region XI

F. Torres St., Davao City

Telefax: (082) 291-1665, (082) 221-6147

Email Address: lrms.regionxi@deped.gov.ph

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