Quiz 04 HM 321 TM 322

Quiz 04 HM 321 TM 322

University

20 Qs

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Quiz 04 HM 321 TM 322

Quiz 04 HM 321 TM 322

Assessment

Quiz

Social Studies

University

Medium

Created by

Marvin Cabantac

Used 7+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The owner is in command of the whole business and stands to lose as much as he puts in and even to the extent of all his personal belongings.

Sole Proprietorship

Partnership

Corporation

Cooperatives

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

By the contract of ---, two or more persons bind themselves to contribute to money, property, or industry to a common fund, with the intention of dividing the profits among themselves.

Sole Proprietorship

Partnership

Corporation

Cooperatives

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Is an artificial being created by operation of law, having the right of succession and powers, attributes and properties expressly authorized by law or incident to its existence.

Sole Proprietorship

Partnership

Corporation

Cooperatives

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Is a juridical necessity to give, to do, or not to do.

Obligation

Cooperation

Contract

Agreement

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It is the meeting of the minds between two persons whereby one binds himself with respect to the others, to give something or to render some service.

Contract

Obligation

Psychology

Conspiracy

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Partnership is --- in character.

fiduciary

consensual

mutual

symbolic

7.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Every contract of partnership, having a capital of Php --- or more in money or property, shall appear in public instruments, which must be recorded in the Office of the ---.

3,000; Securities Exchange Commission

5,000; Local Government Unit

2,500; Bureau of Internal Revenue

3,500; Department of Trade and Industry

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