Gr.

12 ABM Business Ethics ST Lesson 1 – The Role of Business in Social and Economic Development
Name __________________________________________ Date _______________________ Score
_______________
I. Identify what is asked. Write your answer on the space provided.
1. What is the term given to the owner of a single proprietorship? ___________________
2. This is an entity that is involved in the provision of goods and/or services to consumers. ___________________
3. What business form has a required minimum paid up capital of P5,000? ___________________
4. This business classification according to activity converts raw materials, labors, and overhead into finished products that are
available for sale to customers. ___________________
5. What business classification according to activity purchases products from other businesses and sells them to customers?
___________________
6. This is a business that is owned by its shareholders. ___________________
7. This refers to an organization or economic system where goods and services are exchanged for one another or for money.
___________________
8. To what government agency is a corporation going to be registered? ___________________
9. What is the name of the document that contains the number of shares that each shareholder possesses in a corporation?
___________________
10. What is the term given to the owners of a business in the partnership format? ___________________
II. Answer the following questions briefly and concisely. Be sure to express your answers in complete sentences. (5 pts
each)
1. What is a hybrid business? Give an example that supports your answer.

2. Why do business owners decide to expand their businesses?

3. What is the risk in doing a sole proprietorship? Explain your answer.

4. Discuss one advantage and one disadvantage in doing a partnership.

5. What is a cooperative? Why is it constructed?

6. Discuss one advantage and one disadvantage in joining or forming a corporation.

Gr. 12 ABM Business Ethics ST Lesson 1 – The Role of Business in Social and Economic Development
Name __________________________________________ Date _______________________ Score
_______________
I. Identify what is asked. Write your answer on the space provided.
1. What is the term given to the owner of a single proprietorship? ___________________
2. This is an entity that is involved in the provision of goods and/or services to consumers. ___________________
3. What business form has a required minimum paid up capital of P5,000? ___________________
4. This business classification according to activity converts raw materials, labors, and overhead into finished products that are
available for sale to customers. ___________________
5. What business classification according to activity purchases products from other businesses and sells them to customers?
___________________
6. This is a business that is owned by its shareholders. ___________________
7. This refers to an organization or economic system where goods and services are exchanged for one another or for money.
___________________
8. To what government agency is a corporation going to be registered? ___________________
9. What is the name of the document that contains the number of shares that each shareholder possesses in a corporation?
___________________
10. What is the term given to the owners of a business in the partnership format? ___________________
II. Answer the following questions briefly and concisely. Be sure to express your answers in complete sentences. (5 pts
each)
1. What is a hybrid business? Give an example that supports your answer.

2. Why do business owners decide to expand their businesses?

3. What is the risk in doing a sole proprietorship? Explain your answer.

4. Discuss one advantage and one disadvantage in doing a partnership.

5. What is a cooperative? Why is it constructed?

6. Discuss one advantage and one disadvantage in joining or forming a corporation.