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New Midterm Exam _ BSA 2G-BSA2H

Quiz by Shirley C. Chuaco

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58 questions
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  • Q1
    It refers to any name, other than your true name, that you use in connection with your business.
    Maiden name
    Business name
    Shop name
    Trade name
    30s
  • Q2
    Which agricultural commodity is the most widely consumed staple food in the world?
    corn
    barley
    rice
    oats
    30s
  • Q3
    Which agricultural commodity is a key ingredient in the production of chocolate?
    grains
    cacao beans
    cinnamon
    tea
    30s
  • Q4
    Which of the following is considered an agricultural commodity?
    plastic
    aluminum
    steel
    corn
    30s
  • Q5
    Corporations that aim to do business in the Philippines have a legal obligation to register with ________ to obtain their certificate and participate in tax compliance.
    Mayor's permit
    Securities and Exchange Commission
    Bureau of Internal Revenue
    Department of Trade and Industry
    Barangay Business permit clearance
    30s
  • Q6
    This signifies that the business owner has obtained the necessary approval from their local community and has complied with all the barangay's rules and regulations.
    Bureau of Internal Revenue
    Mayor's permit
    Securities and Exchange Commission
    Department of Trade and Industry
    Barangay Business permit clearance
    30s
  • Q7
    This ensures that your business complies with all the ordinances of the particular city or municipality you operate in and act as proof that your business follows certain laws and ordinances.
    Department of Trade and Industry
    Securities and Exchange Commission
    Barangay Business permit clearance
    Bureau of Internal Revenue
    Mayor's permit
    30s
  • Q8
    To have this processed, you will be asked for a few documents such as Building plans, Building permits, Barangay Business Clearance, Fire insurance coverage, and recommendations from fire safety inspectors.
    Sanitary permit
    Building Permit and Electrical Inspection Certificate.
    Business permit
    Fire Safety Inspection Certificate
    30s
  • Q9
    Which agricultural commodity is commonly used to make bread?
    copper
    gold
    rubber
    wheat
    30s
  • Q10
    It is the government's national health insurance program that is mandated to provide its eligible members with benefits, such as coverage for hospitalization and other medical expenses.
    Social Security System
    Philippine Health Insurance Corporation
    Building Permit and Electrical Inspection Certificate.
    Home Development Mutual Fund
    30s
  • Q11
    The DTI registration provides legal identity to a business and can also be use as a license or permit to run a business.
    False
    True
    30s
  • Q12
    Food and Non-food business companies are not required to secure a sanitary permit to make sure they follow the standards of the Sanitary Code of the Philippines.
    True
    False
    30s
  • Q13
    All government and private sector employers are required to register with SSS to enable them to provide social health insurance coverage to their employees.
    True
    False
    30s
  • Q14
    The Pag-IBIG Fund is created to address two of the country's basic needs: generation of savings and provision of shelter for the Filipino workers.
    True
    False
    30s
  • Q15
    Which agricultural commodity is a major source of sugar?
    plastic
    textile
    lumber
    sugarcane
    30s

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