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39. What are tactical decisions? a. It involves limited resources. b. It has a long-term impact c. It is about how to manage d.It is about company performance to achieve the strategy. identity and direction. 40. Which of the following is one of the ways of financing an investment? a. Through taking a debt b. Through the company's own money c. Through selling equity d. All of these are correct 41 . The are the uses of financial information for business owners; except: a. They use it to determine the creditworthiness of the organization. b. They use it to assess a company's profitability and its consequence on their future remuneration and job security. c. They use it for analyzing the feasibility of investing in the company. d. All of these are correct 42. Where does one usually find a public company's financial statement? a. Investor relations section in their website. b. Your company's accountant has an access to it by calling the accountant of the other company. C. All of these are correct. d. You will need to request it from the secretary in the company. 43. Where does one usually find a public company's financial statement? a. Investor relations section in their website. b. Your company's accountant has an access to it by calling the accountant of the other company. c. All of these are correct. d. You will need to request it from the secretary in the company. 44. What is a nominal partner? a. One who does not take active part in running the partnership affairs but he is a general partner. b. One who is not known as partner but actively participate in running the partnership affair. c. One who makes no investment but permits his name to be used either for accommodation or consideration. d. One who has a financial interest in the partnership but does take active part in running the partnership affair and is not known as partner. 45. What is a public corporation? a. Formed for private purpose, b. Formed by any foreign c. Formed under Philippine d.Formed to govern a benefit, or aim laws laws portion of the state 46. What is a joint venture? a. Partners have equal obligations towards the business liability b. Limited to a period of time or a single project C. All of these are correct d. Partners have equal responsibility in the management of the business 47. What is limited partnership? a. Shares of profits or loss are assumed equal unless stipulated in the agreement. b. Partners divide responsibility for management. c. Partners divide partnership liability. d. Most of the partners have limited liability to the extent of their investment. 48.In this form of business organization, an individual owns and manages the business and he/she is responsible for all the business transactions. a. Partnership b. Sole Proprietorship c. Cooperative d. Corporation 49. How long can an owner of a sole proprietorship keep the business? a. 100 years b. 30 years c. None of these are correct d. 50 years 50. The following are advantages of partnership; except one. a. A partnership is generally easier to form, manage, and run. b. Partners can share the responsibility of the running of the business. This will allow them to make the most of their abilities. c. The more partners, the more money they can put into the business which will allow better flexibility and more potential for growth. d. As an owner, one of the partners can even pass a business down to his or her heirs