BOHOL ISLAND STATE UNIVERSITY

Candijay Campus
Cogtong, Candijay, Bohol

COLLEGE OF TEACHER EDUCATION

GEE-3 ENTREPRENEURIAL MIND

Name: CARL JUSTINE LADRA Date: April 25, 2023

Course and Year: BSED-MATHEMATICS III Score: ___________
Learning Assessment No. 16: The Business Ownership

Multiple Choice: Read and understand carefully the following questions and select the letter
that best corresponds to your answer. Answer as indicated below.

1. The individual or groups which own a business and its legal entities.
a. Business Ownership c. Businessmen
b. Ownership d. Incorporators
2. It is the most common form of business ownership which is operated by one individual.
a. Partnership c. Sole Proprietorship
b. Corporation d. Franchise
3. This is a type of ownership wherein share equal liability in business profits and losses.
a. Partnership c. Limited Partnership
b. General Partnership d. both b and c are correct
4. Have unequal share and liability in business; responsible only for money they invested.
a. General Partnership c. Franchise
b. Partnership d. Limited Partnership
5. This is the most complicated form of ownership which has a separate legal entity and
forms boards to acts as governing bodies.
a. Sole Proprietorship c. Partnership
b. Franchise d. Corporation
6. This is the right or license to see a company’s product or services at a designated
location.
a. Franchise c. Sole proprietorship
b. Corporation d. Partnership
7. This is a special form of corporation that places ownership and/or of corporation in the
hands of the employees or patrons of the corporation.
a. Cooperative corporation c. cooperative
b. Corporation d. both a and c are correct
8. This is a principle in cooperative wherein anyone who wants to become a member and
uses its services is welcome to do so, no matter their gender identity, race, religion or
social status.
a. Voluntary, Open membership c. member economic participation
b. Democratic member control d. independence and autonomy
9. All of the policies put forward by the cooperative should reflect a concern for the
community around it.
a. Cooperation between cooperatives c. Democratic member control
b. Information, education and training d. member Economic participation
10. Cooperatives educate their member so that their members can best help the co-op
develop.
a. Concern for community c. open membership
b. Independence and autonomy d. Information, education and training
ANSWER:

1. B
2. C
3. A
4. D
5. D
6. A
7. A
8. A
9. Concern for community
10. D