Direction: Assess the following scenario and answer the questions following it. 1. Suppose you want to open your own sari-sari store that will need PHP10, 000 to start and you used your PHP10,000 savings to start the said business. You are the sole owner of the said sari-sari store. What form of business you are to engage with?

2. What if the needed amount to start your dream sari-sari store is PHP50,000 and you only have PHP25, 000 cash savings. You ask Juan, your friend if he is willing to invest his PHP25,000 and become part owner of the sari-sari store Assuming he agrees, what form of business organization was created?

3. Assuming your dream is to open a grocery store and not just a sari-sari store but you will need PHP1,000,000 to start the said business. You have only PHP25, 000, your friend Juan has PHP25, 000, and your mother is willing to invest her PHP50, 000, but still these are not enough to start your dream grocery store. Where will you get the money to raise the PHP1 million? What form of business will you set up?