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WorksheetsEconomics quiz 2
Total questions: 15
Worksheet time: 7mins
the potential for conflict between partners
It is an artificial being created by the operation of law, having right of succession and the powers, attributes and properties expressly authorized by law or incident to its existence is called_________.
Cooperative
Corporation
Partnership
Sole Proprietorship
Which of the following is defined as a business in which partners have an unequal share and liability in the business?
sole partnership
limited partnership
general partnership
franchise partnership
A tax that Is paid entities that are exempt from VAT, with gross annual sales not exceeding a limit prescribe by the BIR, and subject to additional guidelines.
VAT
Percentage Tax
Capital Gain Tax
Income Tax
The most common tax filed by employed and self employed individual or those who derive their income from business or professional practices.
VAT
Percentage Tax
Capital Gain Tax
Income Tax
Which office will you go to to register your single-owned business?
A. SEC
B. DTI
C. BIR
D. Mayor’s Office
To secure a Tax Identification Number (TIN), which office will you go to?
A. SEC
B. DTI
C. BIR
D. Mayor’s Office
