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1. Which of the following is a form of business which has unlimited liability. Creditors may proceed not only against the assets and property of the business, but also after the personal properties of the owner. a. Corporation b. Sole Corporation c. Partnership d. Sole proprietorship 2. Philippine Cooperative Code of 2008 is under of what Republic Act? a.RA 9521 6 kA 323 C. RA 522 d RA 9250 3. When the preconditions for take off are met, a society can take off. a, Drive to Matunity b. Take of c. Traditional Society d. None of the above 4. It acts as a general partnership but is clearly for a limited period of a single project. Which of the following is CORRECT answer? a. General Partnership b. Limited Partnership C. Joint Venture d. None of the above 5. In which a type of partnership that divides responsibility for management and liability, as well as the shares of profit or loss according to their internal agreement. a. General Partnership b. limited Partnership c. Joint Venture d. None of the above
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