Famous Companies Founders
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Questions and Answers

What is the main intention of a Consumer's Cooperative?

  • Produce raw materials into finished products
  • Allocate commodities to members and nonmembers (correct)
  • Promote cooperative spirit through socially-oriented projects
  • Supply production inputs to members

    • Which type of cooperative engages in medical and dental care services?

  • Producers Cooperative
  • Service Cooperative (correct)
  • Advocacy Cooperative
  • Marketing Cooperative

    • What is the chief purpose of a Financial Service Cooperative?

  • Engage in savings and credit services (correct)
  • Produce dairy products
  • Operate licensed educational institutions
  • Promote cooperative spirit through projects

    • Which type of cooperative is organized by farmers with the majority being agrarian reform beneficiaries?

    <p>Agrarian Reform Cooperative (A)</p> Signup and view all the answers

    What is the primary intention of an Educational Cooperative?

    <p>Own and operate licensed educational institutions (A)</p> Signup and view all the answers

    Which type of cooperative combines two or more business activities of different types of cooperatives?

    <p>Multipurpose Cooperative (D)</p> Signup and view all the answers

    What defines a partnership in terms of business ownership?

    <p>Unlimited liability for debts (A)</p> Signup and view all the answers

    What is a characteristic of a partnership agreement?

    <p>Specifies how profits are shared (C)</p> Signup and view all the answers

    What distinguishes a general partnership from a limited partnership?

    <p>Unrestricted liabilities (D)</p> Signup and view all the answers

    In a general partnership, how do partners share the liabilities?

    <p>Equally (A)</p> Signup and view all the answers

    What is one of the key aspects that partners need to decide upfront in a partnership according to the text?

    <p>How to split profits (A)</p> Signup and view all the answers

    What is an essential requirement when forming a partnership based on the provided text?

    <p>Registered juridical entity with SEC (D)</p> Signup and view all the answers

    Who are the founders of Warner Bros.?

    <p>Sam, Jack, Albert, and Harry Warner (D)</p> Signup and view all the answers

    Which company is famous for crafting the iconic Chanel No. 5 perfume?

    <p>Parfums Chanel (D)</p> Signup and view all the answers

    Who introduced laser jet printers, touch screens, and personal computers?

    <p>Hewlett and David Packard (D)</p> Signup and view all the answers

    Which company is known for combining commerce and social conscience in their ice cream?

    <p>Ben &amp; Jerry's Homemade (B)</p> Signup and view all the answers

    Which company is considered the world's number one search engine?

    <p>Google (A)</p> Signup and view all the answers

    What type of liability do the owners of a corporation have?

    <p>Limited liability (D)</p> Signup and view all the answers

    What is a disadvantage of setting up a partnership?

    <p>Partners are jointly and individually liable for actions of other partners (B)</p> Signup and view all the answers

    What is a key advantage of setting up a partnership?

    <p>Partners have limited liability (A)</p> Signup and view all the answers

    Why might prospective employees be attracted to a partnership business?

    <p>To benefit from partners' complementary skills (D)</p> Signup and view all the answers

    What happens to a partnership when a partner passes away?

    <p>The partnership continues with the remaining partners (C)</p> Signup and view all the answers

    How does a partnership benefit from having more than one owner?

    <p>Increased ability to raise funds (B)</p> Signup and view all the answers

    Why might disagreements arise in a partnership?

    <p>Decisions in the business are shared among partners (B)</p> Signup and view all the answers

    Which type of business provides intangible products like professional skills and expertise?

    <p>Law firms (A)</p> Signup and view all the answers

    Which type of business buys products at wholesale price and sells them at retail price?

    <p>Merchandising businesses (A)</p> Signup and view all the answers

    Which business is most likely to be involved in the immediate restoration of electricity after a calamity?

    <p>Meralco (D)</p> Signup and view all the answers

    In which type of business is there a transformation of the products purchased to create a new product?

    <p>Manufacturing businesses (D)</p> Signup and view all the answers

    Which business type focuses on selling products without changing their form?

    <p>Convenience stores (C)</p> Signup and view all the answers

    Which type of business offers products with no physical form, such as professional skills?

    <p>Accounting firms (D)</p> Signup and view all the answers

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