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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.
    Shop name
    Trade name
    Maiden name
    Business name
    30s
  • Q2
    Which agricultural commodity is the most widely consumed staple food in the world?
    barley
    rice
    oats
    corn
    30s
  • Q3
    Which agricultural commodity is a key ingredient in the production of chocolate?
    cacao beans
    grains
    cinnamon
    tea
    30s
  • Q4
    Which of the following is considered an agricultural commodity?
    corn
    steel
    aluminum
    plastic
    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.
    Barangay Business permit clearance
    Department of Trade and Industry
    Bureau of Internal Revenue
    Securities and Exchange Commission
    Mayor's permit
    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.
    Securities and Exchange Commission
    Barangay Business permit clearance
    Mayor's permit
    Department of Trade and Industry
    Bureau of Internal Revenue
    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.
    Bureau of Internal Revenue
    Department of Trade and Industry
    Securities and Exchange Commission
    Mayor's permit
    Barangay Business permit clearance
    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
    Fire Safety Inspection Certificate
    Building Permit and Electrical Inspection Certificate.
    Business permit
    30s
  • Q9
    Which agricultural commodity is commonly used to make bread?
    copper
    wheat
    gold
    rubber
    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
    Home Development Mutual Fund
    Building Permit and Electrical Inspection Certificate.
    Philippine Health Insurance Corporation
    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.
    False
    True
    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.
    False
    True
    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.
    False
    True
    30s
  • Q15
    Which agricultural commodity is a major source of sugar?
    textile
    sugarcane
    plastic
    lumber
    30s

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