1 minute per question

Gabriel and Jelly formed a partnership called GJ Trading Co. Their primary goal is to manufacture and sell eco-friendly household products, such as reusable kitchen wraps, biodegradable cleaning supplies, and sustainable storage solutions. What kind of partnership did they form?

• Trading partnership

• Service partnership

• ayaw kog e ship :)

• akong kaugalingon akong e ship :)

GreenTech Innovations Inc. is established as a corporation. The founders, Emma and Liam, are the primary shareholders and directors of the company. GreenTech Innovations Inc. can own property, enter into contracts, and sue or be sued independently of Emma and Liam. This means that Emma and Liam’s personal assets are protected if the company faces legal action. This characteristic is an example of a

• right of succession

• Separate legal entity

• limited liability of stockholders

• ako imong ka stockholder :)

Several small organic farmers in a region decided to form a FreshFarm Cooperative. They aim to pool their resources to market and sell their produce more effectively. The cooperative runs campaigns to promote the brand “FreshFarm Organic.” These campaigns highlight the benefits of buying local, organic produce and feature stories about the farmers and their sustainable practices. These activities are under to what type of cooperative?

• credit cooperative

• service cooperative

• Multi-purpose cooperative

• marketing cooperative

• kitang duha mag cooperate :)

A group of small businesses in a community decided to form a HealthFirst Cooperative. The cooperative negotiates with healthcare providers to offer a range of services, including medical, dental, and vision care. By pooling their resources, the member businesses can secure better rates and services than they could individually. What kind of cooperative?

• marketing cooperative

• service cooperative

• credit cooperative

• producers cooperative

• I am good for your health cooperative :)

Typically based on the value of the property, including land and buildings. It is usually assessed by local governments and used to fund public services such as schools, roads, and emergency services. The value of the property is assessed periodically, often annually, by a tax assessor. This is an example of

• excise tax

• personal, capitation, or poll tax

• Property tax

• lambingan na tax :)

often referred to as federal tax, is a tax levied by a national government on income, goods, services, and other activities which is enforced throughout the country

• Municipal tax or local tax

• National tax

• property tax

• excise tax

• sweet side nimo na tax :)

typically based on the ability-to-pay principle, which means those with higher incomes or wealth pay more. This type of tax is paid _____ to the government by the individual or organization on whom it is imposed.

• Direct tax

• excise tax

• Indirect tax

• National tax

• ice cream tayo na tax :)

An illegal act of deliberately avoiding paying taxes owed to the government, it involves intentionally misrepresenting or concealing income, inflating deductions, or hiding money in offshore accounts to reduce tax liability

• tax avoidance

• tax evasion

• tax na giship sa naay ka relasyon

It is the legal use of tax laws to reduce tax liability. This includes strategies like claiming legitimate deductions and credits.

• tax avoidance

• tax evasion

• tax to grow with you :)

EcoBuild Ltd was formed by three individuals: Sarah, who becomes the general partner, and two investors, John and Maria. The partnership’s first project is to develop a new eco-friendly apartment complex. Sarah uses her expertise to manage the construction, while John and Maria’s investments cover the costs. The partnership is set up with the option to extend or dissolve the partnership upon completion. what kind of partnership do the three individuals have?

• general partnership

• trading partnership

• limited partnership

• service partnership

• ikaw ang ka partnership :)