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Worksheets

ORGMAN QUIZ

Total questions: 20

Worksheet time: 13mins

Name
Class
Date
1.

A form of business organization shared by two or more members ?

a)

Corporation

b)

Partnership

c)

Sole Proprietorship

d)

Cooperative

2.

A Corporation is vested with juridical personality separate from its owner. Which Government office monitors and register a Corporation

a)

Department of Trade and Industry

b)

Bureau of Internal Revenue

c)

Securities and Exchange Commission

d)

Social Security System

3.

refers to a form of partnership wherein the partners have unlimited liability for the debts and obligations of the partnership.

a)

Industrial Partner

b)

Capitalist

c)

Limited Partnership

d)

General Partnership

4.

refers to a form of partnership wherein one or more general partners have unlimited liability and the limited partners have liability that is only up to the amount equal to their capital contributions.

a)

Limited Partnership

b)

General Partnership

c)

Industrial Partner

d)

Capitalist

5.

Economic phase that deals on the collection of silver and gold as payment or methods of exchange of trade during the colonial period

a)

Globalization

b)

Industrial Revolution

c)

Mercantilism

d)

Post-Fordism

6.

Economic phase that focus on the use of machine and equipment and the construction of factories to increase production and consumptions of products.

a)

Globalization

b)

Post-Fordism

c)

Fordism

d)

Industrial Revolution

7.

The economic phase that focuses on standardize product and mass production at a low price.

a)

Post-Fordism

b)

Fordism

c)

Globalization

d)

Mercantilism

8.

The minimum capital requirement to register a Partnership in Securities and Exchange Commission?

a)

30,000.00

b)

3,000.00

c)

300,000.00

d)

3,000,000.00

9.

This means an entity with separate legal personality from the owners.

a)

Jurisdiction

b)

Justifiable personality

c)

Juridical personality

d)

juridical

10.

Which of the following is an example of non-stock corporation?

a)

Church

b)

Golden Arches Development Corporation

c)

APL Bee Dau Inc.

d)

Byron Foodstuff Corporation

11.

Which of the phases of economic development is best describe by stiff competition and sustainability?

a)

Fordism

b)

Post Fordism

c)

Industrial Revolution

d)

Globalization

12.

China Bank, Metro Bank, BDO, Bank of the Philippine Island and Security Bank are example of __________?

a)

Manufacturing Business

b)

Merchandising Business

c)

Service Business

d)

Hybrid Business

13.

A classification of Business which is a combination of Service and Merchandising Business?

a)

Hybrid Business

b)

Service Business

c)

Manufacturing Business

d)

Merchandising Business

14.

A business who engage in buying goods to manufacturer and resell it into a higher price. Example are Grocery and Supermarket

a)

Manufacturing Business

b)

Hybrid Business

c)

Merchandising Business

d)

Service Business

15.

A business who engage in transformation of raw materials into finished goods which includes the following factors, labor, and other overhead cost.

a)

Hybrid Business

b)

Merchandising Business

c)

Service Business

d)

Manufacturing Business

16.

Which of the following is not a cause of dissolution of partnership?

a)

Withdrawal of Partners

b)

Death of the Partner

c)

Partners has unlimited and limited liability

d)

Conflict between the partners

17.

How many members are required to form a corporation ?

a)

4 -10 legal members

b)

5 - 15 legal members

c)

12-20 legal members

d)

3 - 8 legal members

18.

The following answers are advantages of sole proprietorship except one.

a)

It is the most manageable and least expensive form of ownership

b)

Can make decisions based on their own judgement

c)

Expansion is also easier since there are more people who will manage the different branches of the business

d)

It is easy to implement changes in the business setup.

19.

The owner of a Corporation is also known as __________?

a)

Stakeholders

b)

Board of Directors

c)

Members

d)

Shareholders

20.

The minimum paid-up capital required of corporations in the Philippines?

a)

5,000.00

b)

50,000.00

c)

500,000.00

d)

5,000,000.00