Entrep L24Q

Which office will you go to register your single-owned business?

Which office do you visit to register a partnership or corporation?

To secure a Tax Identification Number (TIN), which office will you go?

SSS, Philhealth and Pag-ibig fund contributions are made by

Which of the following is not a step to follow before operating a business?

• Register business

• Set up an accounting system

• Advertise using facebook

• Sell the product

Which of the following is true?

• Good record keeping is not important to the business owner.

• Good record keeping is important only to the accountant.

• Good record keeping gives benefits to the enterprise.

• Good record keeping gives no importance at all.

Which of the following is NOT a benefit to the enterprise?

• It allows the entrepreneur to plan and work more efficiently

• It allows the entrepreneur to meet legal and tax requirements.

• Can check if the business is doing good.

• It cannot protect the rights of the owner

Registering your business trade name is done in the office of

The sources of documents are called

You go to the office of the Department of Trade and Industry (DTI) if you will register your corporation.

• True

• False

Answer explanation

This statement is false because registering a corporation in the Philippines is done through the Securities and Exchange Commission (SEC), not the Department of Trade and Industry (DTI).