F1. Which matter may be provided in the lav-laws and not necessarilv in the articles of incorporation? O a. Authorized capital stock of stock corporation 0 b. Creation of an executive committee 0 c. Term of existence of corporation 0 d. Place of principal office of the stock corporation in the Philippines F2. Which corporation act is not required to be ratified hv the stockholders? O a. Distribution of stock dividends O b. Approval of management contract 0 c. Acquisition of treasury shares 0 d. Adoption or amendment of bvlaws F3. What is the nature of membership in a nonstock corporation? * 'I point 0 a. Membership in a nonstock corporation and all rights arising therefrom are always personal and non-transferable. b. Membership in a non-stock corporation and all rights arising therefrom are 0 personal and non-transferable. unless the articles of incorporation orthe bylaws otherwise provide. c. Membership in a non-stock corporation and all rights arising therefrom are 0 commercial and therefore transferable. unless the articles of incorporation or the by laws otherwise provide. 0 d. Membership in a non-stock corporation and all rights arising therefrom are always commercial and therefore always transferable. F4. Which shares of stocks may be issued below its par value as long as * 'I point the price is reasonable? 0 a. Common stocks 0 b. Treasury stocks 0 c. Redeemable preferred stocks 0 d. Convertible preferred stocks F5. What is the legal capital in no-par value common stocks? * 'I point 0 a. The total issued value of both shares issued and shares subscribed. O b. The total issued value of shares issued only. 0 c. The total issued value of shares subscribed only. 0 d. The total consideration received. as. It is a type of cooperative the members of which are natural persons. * 'I point C) a. Primary Cooperative O b. Secondary Cooperative O c. Tertiary Cooperative C) d. Intermediate Cooperative 77. What is the number of cooperators or founders of a primary cooperative? O a. 15 or more natural persons b. Not less than 5 but not more than 15 natural persons O c. 5 but not more than 10 natural persons d. 10 or more natural persons 78. What is the maximum foreign investment or ownership in a cooperative? a. 100% b. 40% C. 30% O d. 0%79. It shall be the highest policy-making body of the cooperative and shall exercise such powers as are stated in the Cooperative Code, in the articles of cooperation and in the bylaws of the cooperative. a. General Assembly b. Board of Directors O c. Board of Trustees d. Executive Committee 80. It shall be the body in a cooperative responsible for the strategic planning, direction-setting and policy-formulation activities of the cooperatives. a. General Assembly b. Board of Directors c. Board of Trustees d. Executive Committee