Applied Economics

1. What types of business that is owned by a single individual who is singly responsible for running the business?

A) Partnership
B) Sole Proprietorship
C) Cooperative
D) Corporation

2. Cherry Mae has a sari-sari store. What kinds of business does she have?

A) Sole Proprietorship
B) Corporation
C) Partnership
D) Cooperative

3. This type of ownership is open and voluntary membership?

A) Sole Proprietorship
B) Cooperative
C) Partnership
D) Corporation

4. Lovely and Freya are equally divided their profits? What types of ownership they have?

A) Cooperative
B) Corporation
C) Partnership
D) Sole Proprietorship

5. The following are the example of corporation ownership except?

A) SM Mall
B) Mani Vendor
C) San Miguel Corporation
D) Robinson Mall

6. This type of business is burdened by heavy taxes?

A) Sole Proprietorship
B) Cooperative
C) Cooperation
D) Partnership

7. What types of business has two or more persons combine their resources in a business with a view to making profit?

A) Sole Proprietorship
B) Partnership
C) Cooperative
D) Corporation

8. What are the four types of Business Organization?

A) Sole Proprietorship, Partnership, Corporation and Cooperative
B) Small Business, Sole Proprietorship, Partnership and Large Business
C) Small Business, Medium Business and Large Business
D) Medium Business, Partnership, Corporation and Cooperative

9. It is a legal entity that is separate from its owners, the shareholders?

A) Partnership
B) Cooperative
C) Corporation
D) Sole Proprietorship

10. How much total assets for micro business are worth?

A) below ₱2, 500,001
B) below ₱1, 000,001
C) below ₱1, 500,001
D) below ₱1, 600,001

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