MULTIPLE CHOICE 1

Question 1

A person or entity engaged in leasing real property for rental income is called:
A. Real Estate Broker
B. Real Estate Lessor
C. Real Estate Owner
D. Real Estate Developer

Answer 1

✅ Answer: B

Question 2

Which refers to a foreign person or company leasing property located in the Philippines?
A. Domestic Owner
B. Non-Resident Broker
C. Non-Resident Lessor/Owner
D. Tax-Free Lessor

Answer 2

✅ Answer: C

Question 3

What document outlines the terms and conditions of a rental agreement?
A. Lease Contract
B. Title Deed
C. Sales Invoice
D. Tax Return

Answer 3

✅ Answer: A

Question 4

What is a payment made ahead of schedule for goods or services?
A. Prepaid Tax
B. Credit Payment
C. Advance Payment
D. Installment

Answer 4

✅ Answer: C

Question 5

Rental paid before the actual rental period begins is called:
A. Delayed Rental
B. Future Rental
C. Prepaid Rental
D. Security Deposit

Answer 5

✅ Answer: C

Question 6

A stock corporation earning from real estate assets is known as:
A. Real Estate Corporation
B. Commercial Realty Fund
C. Real Estate Investment Trust (REIT)
D. Land Developer

Answer 6

✅ Answer: C

Question 7

A commercial service storing goods for a fee is called:
A. Freight Forwarding
B. Warehousing Service
C. Retailing Service
D. Cargo Handling

Answer 7

✅ Answer: B

Question 8

A business that processes agricultural products like rice is called a:
A. Retailer
B. Miller
C. Trader
D. Importer

Answer 8

✅ Answer: B

Question 9

Who is primarily engaged in the business of buying and selling securities?
A. Banker
B. Dealer in Securities
C. Accountant
D. Stockholder

Answer 9

✅ Answer: B

Question 10

A business that lends money for interest is called a:
A. Bank
B. Financing Company
C. Lending Investor
D. Capital Fund

Answer 10

✅ Answer: C