A 21 A corporation that committed this offense

shall be liable for a fine ranging from One

hundred thousand pesos (₱100,000.00) to Five
million pesos (₱5,000,000.00).
A.ACTING AS INTERMEDIARIES FOR GRAFT AND
CORRUPT PRACTICES
B.ENGAGING INTERMEDIARIES FOR GRAFT AND
CORRUPT PRACTICES
C.OBTAINING CORPORATE REGISTRATION THROUGH
FRAUD
D.UNAUTHORIZED USE OF CORPORATE NAME
B 22 It refers to any person who provides truthful
information relating to the commission or
possible commission of any offense or
violation under the Revised Corporation Code
of the Philippines.
A.PRIVATE INVESTIGATOR
B.WHISTLEBLOWER
C.SNITCH
D.WITNESS
C 23 Which is not a power or function or
jurisdiction of the Commission in the Revised
Corporation Code of the Philippines?
A.IMPOSE SANCTIONS FOR THE VIOLATION OF
THIS CODE, ITS IMPLEMENTING RULES AND
ORDERS OF THE COMMISSION.
B.PROMOTE CORPORATE GOVERNANCE AND THE
PROTECTION OF MINORITY INVESTORS, THOUGH,
AMONG OTHERS, THE ISSUANCE OF RULES AND
REGULATIONS CONSISTENT WITH INTERNATIONAL
BEST PRACTICES.
C.HOLDING OF CORPORATIONS IN DIRECT AND
INDIRECT CONTEMPT IS PROHIBITED.
D.PRESCRIBE THE NUMBER OF INDEPENDENT
DIRECTORS AND THE MINIMUM CRITERIA IN
 DETERMINING THE INDEPENDENCE OF A
DIRECTOR.
A 24 It is the total shares of stock issued under
binding subscription whether fully or
partially paid, except treasury shares.
A.OUTSTANDING CAPITAL STOCKS
B.PAID-UP CAPITAL
C.AUTHORIZED CAPITAL STOCKS
D.SUBSCRIBED CAPITAL
B 25 When a party-list is involved, the powers,
authorities, and responsibilities of the
Commission is transferred to which agency in
the Philippines?
A.COMMISSION ON AUDIT
B.COMMISSION ON ELECTION
C.BUREAU OF INTERNAL REVENUE
D.BOARD OF INVESTMENTS