FABM 2 WEEK 4
Authored by Ernesto Jr.
Other, Business
1st - 5th Grade
Used 10+ times
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5 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which of the following pertains to a business entity concept?
a. Transactions of the business (as a separate entity) must be distinguished from the transactions of the owners
b. Transactions of the business (as a separate entity) must be merged with the transactions of the owners
c. Revenues are recorded when it is earned
d. Revenues are recorded when the corresponding cash has been received
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a major type of business organization?
a. Sole Proprietorship
b. Partnership
c. Corporations
d. All of the above
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How many is/are considered owner(s) of a sole proprietorship?
a. One
b. More than one
c. Two but not more than five
d. Five and above
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How many is/are considered owner(s) in a partnership?
One
More than one
Two but not more than five
Five and above
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How are owners of a sole proprietorship called?
Sole proprietors
Partners
Shareholders/Stockholders
None of the above
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