General Instructions: Read the instructions and all the items in each test type carefully. Avoid any form of
erasures, alteration on your final answer. Write your answer on the answer sheet provided.
1. A
a. corporation
b. partnership
type of organization has a limited liability and easy to raise capital.
C. sole/ single
d. none of the above
2. The oldest form of business organization.
a. sole/single business
b. partnership
C. corporation
d. all of the above
3. A business size that has 20-99 employees is considered as;
a. small
c. large
b. medium
d. extra large
4. It is an association of 2 or more persons who are owner of the business
a. partnership
C. corporation
b. sole
d. all of the above
5. referred to as Co-op business.
a. cooperatives
b. partnership
c. sole proprietorship
d. none of the above
6. This refers to the transfer or exchange of goods and services with the movement of goods from
production to consumption.
a. business
c. industry
b. commerce
d. all of the above
7. This caters to personal needs of the public in general.
a. business
c. industry
b. services
d. all of the above​