NAME:SECTION:FINAL EXAMINATIONBUSINESS ORGANIZATION 2Part 2By: ATTY. JOHN FREDERICK E. DERIJEII. MULTIPLE CHOICE (2% each)1.The delegation heard that foreigners can invest up to 100% of the equity in "exportoriented enterprises" and you were asked exactly what the term covers.You replied that an "export oriented enterprise" under FIA '91 is an enterprise that__________.a.only engages in the export of goods and services, and does not sell goodsor services to the domestic market;b.exports consistently at least 40% of its goods or services, and sells at least60% of the rest to the domestic market;c.exports consistently at least 60% of the goods or services produced, andsells at least 40% of the rest to the domestic market;d.exports consistently at least 60% of its goods or services produced, andcan sell goods or services to the domestic market;e.None of the above;f.All of the above.2.As a last question and by way of a concrete example, a delegation member finallyinquired - which of the following corporations or businesses in the Philippinesmay it invest in and up to what extent? 3.RRC is a corporation incorporated in Singapore. It invested in UAAP Corp., aPhilippine corporation, by acquiring 30% of its shares. As a result, RRC nominated30% of the directors of UAAP Corp., all of whom are Singaporeans and officers ofRRC.Choose the correct statement relating to RRC.4.Ricci Rivero Airlines is a foreign airline company. Ricci Rivero Airlines tickets aresold in the Philippines though Philippine Airlines as their general agent. RicciRivero Airlines is not registered to do business as such with the PhilippineSecurities and Exchange Commission. Which statement is most accurate?