ENTREP QUIZ 3 FILIPINO

What type of business ownership where single individual has full control and authority over the business.

• corporation

• cooperative

• sole proprietorship

• partnership

It is a type of cooperative that engages in service-oriented activities such as medical, hospitalization, transportation, labor, electric light and power, communication, and other such activities.

• A. Multi-purpose Cooperative

• C. Consumers Cooperative

• B. Producers Cooperative

• D. Service Cooperative

The following are the list of additional Government agencies required for a company to register to when employing individuals EXCEPT:

• SSS

• PhilHealth

• Pag-IBIG

• GSIS

It is the smallest unit of the government where a business must seek approval to establish a business.

• Purok

• Sitio

• Baranggay

• Lungsod

These are stock corporations that was organized and follow the rules of Philippines.

• Local Corporation

• Foreign Corporation

• Domestic Corporation

• Provincial Corporation

What type of cooperative where the primary purpose is to procure and distribute commodities to both members and non-members?

• Multi-purpose Coop.

• Consumers Coop.

• Producers Coop.

• Service Coop.

It is a type of cooperative where there is a democratic ownership and are run by an electoral system.

• Corporation

• Sole Proprietorship

• Cooperative

• Partnership

It is the minimum capital required for a foreigner to establish a business in the Philippines under Sole Proprietorship as a type of ownership.

• 200,000 PHP

• 20,000 PHP

• 200,000 USD

• 20,000 USD

It is a type of cooperative organized for the primary purpose of providing a wide range of financial services to cooperatives and their members.

• Credit Coop.

• Multi-purpose Coop.

• Cooperative Bank

• Service Coop.

It is the government agency intended for the reservation of business name and creation of juridical entity of the sole proprietorship.

• SEC

• BIR

• DTI

• SSS