TEST I.

FACT/ BLUFF
DIRECTIONS: Write FACT if the statement is correct but if its BLUFF, change the underlined word or words to make the whole
statement fact.

________1. Government regulation is illegal system that regulates the activities in businesses of a certain community,
country or the universe at large.

________2. Required maximum 1,000,000.00 pesos capital stock on stock corporations.

________3.Capitalistic Theory of Adam Smith observed the supply and demand, contractual efficiency, and division of
labor of various companies.

________4.Robinson-Patman Act prohibits product discrimination, exclusive dealer arrangement, and stock acquisitions
that lessens competition among wholesaler or retailer; prohibits producers for giving disproportionate
services of facilities to large buyers.

________5.Most publicly listed companies are not widely held by public investors.

________6.The regulatory framework for corporate governance is inadequate in the context of Philippine conditions
like large share holder dominated companies, corporate groups and ownership of banks by groups of
companies.

________7.The Corporate Social Responsibility Code outlines the standards for the expectations for corporate boards in
protecting shareholder investments.

________8.Wheeler-Lee Act passed in 1945.

________9. Consumer Goods Act passed in 1936.

________10.Sarbanes and Oxley Act (SOX) passed in 2001.

TEST II ENUMERATION
DIRECTIONS: LIST DOWN ATLEAST 5 KEY LIGESLATION THAT STRUCTURES LEGAL ENVIRONMENT FOR BUSINESS
1._________________________ 4._________________________________

2._________________________ 5._________________________________

3._________________________

TEST III:MULTIPLE CHOICE

DIRECTIONS: CIRCLE THE LETTER OF THE CORRECT ANSWER.

1.Is a federal act with bipartisan congressional support to improve auditing and public disclosure in response to several
accounting scandals in the early-2000s.
a) Lanham Act c) Federal Trade Commission Act
b) Wheeler Act d) Sarbanes and Oxley Act (SOX)

2. This is act that prohibits the use of price maintenance agreement among manufacturers and resellers in interstate
commerce.
a) Fair Packaging and Labeling Act c) Consumer Goods Act
b) Celler-Kefauver Act d) Wheeler- Lee Act

3. This is act that prohibits price discrimination

a) Federal Trade Commission Act c) Lanham Act
b) Robinson- Patman Act d) Wheeler- Lee Act

4. This act that provides protections and regulations of brand names, brand marks, trade names and trade mark.
a) Wheeler- Lee Act c) Clayton Act
b) Lanham Act d) Celler-Kefauver Act

5.This is act targeted the sectors of the financial system that were believed to have caused the 2007–2008 financial crisis,
including banks, mortgage lenders, and credit rating agencies.
a) Sarbanes and Oxley Act (SOX) c) Consumer Goods Act
b) Dodd -Frank Wall Street Reform and Consumer d) Lanham Act
Protection Act