Accounting 2 finals
Authored by wimpleton A
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University
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Business organization formed by oral or written agreement
Sole proprietorship
Corporation
Partnership
None of the choices
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A business organization formed by operation of the law
Sole proprietorship
Corporation
Partnership
None of the choices
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
It gives the corporation all the rights and responsibilities of a person except those which can be exercised only by natural persons
Mutual agency
Separate legal entity
Unlimited liability
None of the choices
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Corporations which are formed for private purposes
Private corporations
Domestic corporation
Public corporations
Close corporation
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Corporations which are formed for governmental purposes
Private corporations
Domestic corporation
Public corporations
Close corporation
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Corporations created by Philippine law
Private corporations
Domestic corporation
Public corporations
Close corporation
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Corporations created by laws of other countries
Private corporations
Domestic corporation
Public corporations
Foreign corporation
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