Activity 1- Direction: Identify the forms of business organization of following statement. On the blank provided before each number write S if it sole proprietorship, P if it is partnership, and Corp if it is a corporation, and Coop if its Cooperative.
Quiz by Mary Mildred De Jesus
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10 questions
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- Q1Voluntarily joined together to achieve social or economic end.SPCORPCOOP30s
- Q2Unlimited LiabilityPCORPSCOOP30s
- Q3It has Double TaxationSPCORPCOOP30s
- Q4It gives opportunities to the society.CORPCOOPPS30s
- Q5All profits belong to the owner.CORPPCOOPS30s
- Q6It has mutual agency.CORPSPCOOP30s
- Q7Contribute money, property, skills and labor to achieve common goal.SCOOPPCORP30s
- Q8It is the simplest way to set up a business.CORPPSCOOP30s
- Q9Ownership can be transferable.PCORPCOOPS30s
- Q10Heavily regulated by the government.CORPCOOPSP30s