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WorksheetsFABM1_WEEK4
Total questions: 10
Worksheet time: 2mins
A business owned by a single individual who has full control and authority in running the business.
Sole Proprietorship
Partnership
Corporation
Cooperative
It is composed of juridical persons with a separate and distinct personality from its stockholders.
Sole Proprietorship
Partnership
Corporation
Cooperative
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.
Sole Proprietorship
Partnership
Corporation
Cooperative
It is organized for the purpose of engaging in savings and credit services and other financial services.
Cooperative Bank
Financial Services Cooperative
Insurance Cooperative
Credit Cooperative
Under the Civil Code of the Philippines, a partnership is considered as a judicial person, having a separate legal identity from its owners or _____________.
Stockholders
Investors
Members
Partners
The liability of the shareholders is limited only to the amount of their share capital; minimum paid up capital is ____________.
P10,000
P15,000
P1,000
P5,000
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.
Cooperative
Charity
Non-stock Corporation
Stock Corporation
A sole proprietorship is registered through the Bureau of Trade and Regulation and Consumer Protection (BTRCP) of the ___________________.
Department of Trade and Industry (DTI)
Securities and Exchange Commission (SEC)
Bureau of Internal Revenue (BIR)
Cooperative Development Authority (CDA)
Stocks are certificates of ownership while _________ are certificates of indebtedness.
Mortgages
Bonds
Loans
Credits
It engages in medical and dental care, hospitalization, transportation, insurance, housing, labor, electric light and power, communication, professional and other services.
Service Cooperative
Health Services Cooperative
Consumers' Cooperative
None of the above
