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FABM1_WEEK4

Total questions: 10

Worksheet time: 2mins

Name
Class
Date
1.

A business owned by a single individual who has full control and authority in running the business.

a)

Sole Proprietorship

b)

Partnership

c)

Corporation

d)

Cooperative

2.

It is composed of juridical persons with a separate and distinct personality from its stockholders.

a)

Sole Proprietorship

b)

Partnership

c)

Corporation

d)

Cooperative

3.

A duly registered association of persons with a common bond of interest, who have voluntarily joined together to achieve a lawful common social or economic end.

a)

Sole Proprietorship

b)

Partnership

c)

Corporation

d)

Cooperative

4.

It is organized for the purpose of engaging in savings and credit services and other financial services.

a)

Cooperative Bank

b)

Financial Services Cooperative

c)

Insurance Cooperative

d)

Credit Cooperative

5.

Under the Civil Code of the Philippines, a partnership is considered as a judicial person, having a separate legal identity from its owners or _____________.

a)

Stockholders

b)

Investors

c)

Members

d)

Partners

6.

The liability of the shareholders is limited only to the amount of their share capital; minimum paid up capital is ____________.

a)

P10,000

b)

P15,000

c)

P1,000

d)

P5,000

7.

A corporation organized principally for public purposes such as foundations, charitable, educational, cultural, or similar purposes and does not issue shares of stock to its members.

a)

Cooperative

b)

Charity

c)

Non-stock Corporation

d)

Stock Corporation

8.

A sole proprietorship is registered through the Bureau of Trade and Regulation and Consumer Protection (BTRCP) of the ___________________.

a)

Department of Trade and Industry (DTI)

b)

Securities and Exchange Commission (SEC)

c)

Bureau of Internal Revenue (BIR)

d)

Cooperative Development Authority (CDA)

9.

Stocks are certificates of ownership while _________ are certificates of indebtedness.

a)

Mortgages

b)

Bonds

c)

Loans

d)

Credits

10.

It engages in medical and dental care, hospitalization, transportation, insurance, housing, labor, electric light and power, communication, professional and other services.

a)

Service Cooperative

b)

Health Services Cooperative

c)

Consumers' Cooperative

d)

None of the above