Business Implementation

Which office will you go to to register your single-owned business?

• A. SEC

• B. DTI

• C. BIR

• D. Mayor’s Office

Which office do you visit to register partnership or corporation business?

• A. SEC

• B. DTI

• C.BIR

• D. Mayor’s Office

To secure a Tax Identification Number (TIN), which office will you go to?

• A. SEC

• B. DTI

• C. BIR

• D. Mayor’s Office

SSS, Philhealth and Pag-ibig fund contributions is made by _________.

• A.Employees only

• B.Employers only

• C. Both Employees and Employers

• D. None of the choices

Which of the following is NOT a step to follow before operating a business?

• A.Register your business

• B.Set up an accounting system

• C.Advertise the business using Facebook

• D.Selling the product

Which of the following is true?

• A.Good record-keeping is not important to the business owner.

• B.Good record keeping is important only to the accountant.

• C.Good record-keeping gives benefits to the enterprise.

• D.Good record-keeping gives no importance at all.

Which of the following is NOT a benefit to the enterprise?

• A.

  Plan and work more efficiently.

• B.

  Meet legal and tax requirements.

• C.

  Can check if the business is doing good.

• D.

  It cannot protect the rights of the owner.

The objectives of the entrepreneur should be _______________.

• A.

  Specific and clear

• B.

  Specific and long term

• C.

  Short and blurred

• D.

  Long and not specific

The tasks before operating the business must be _____________.

• A.

  Specified to be accomplished by the owner alone

• B.

  In detail so that the owner will know what to do

• C.

  Kept by the owner for future reference

• D.

  None of the choices

The tasks to be accomplished before operating the business should have:

• A.Design

• B.Decoration

• C.Time allotment

• D.Measurement