CBT Assessment

The amended Retail Trade Liberalization Act (RA 11595) lowers the capital requirement for investors in the retail trade. True or False?

• True

• False

The following are the reasons for new investments except for

• Enter new markets​

• Introduce new technology​

• Produce new product lines

• Export labor force

The CREATE Act is the second package of the Comprehensive Tax Reform Program that reduces the corporate income tax (CIT) rate from 30% to 25%. What does the acronym CREATE refer to?

• Corporate Recovery and Taxation Inclusion for Enterprises Act

• Corporation Reconstruction and Taxation Incentives for Enterprises Act

• Corporate Recovery Assessment for Tax Inclusion and Economy Act

• Corporate Recovery and Tax Incentives for Enterprises Act

The amended Public Service Act (RA 11659)​ allows 100% foreign ownership of public services in the Philippines. True or false?

• True

• False

The amended Public Service Act (RA 11659)​ allows 100% foreign ownership of public services in the Philippines except:

• Telecommunications

• Airports

• Toll Roads

• Distribution of Electricity

This covers all activities and measures aimed at creating favorable conditions to attract investments.

This document is an instrument for local /regional economic development through a multi-stakeholder approach for attracting, retaining, expanding and diversifying investments in the local economy supportive of the development vision of the LGUs. ​

The following are major areas of concern in drafting Local Investment and Incentives Code except:

• Investment Priority Areas​
• Incentives​
• Implementation
• Business Name Registration

The following are the reasons why LGU undertake investment promotion initiatives except for

• National Tax Allotment (previously IRA) is not enough.

• Labor export opportunities

• The private sector is the engine for innovation.​

• Investments, compared to trade and tourism, promotes sustainable economic growth and has multiplier effect.​

Under the DILG Guidelines on Promoting Local Economic Development and Investment Promotion and Establishment of LEDIP Office/Unit in All Provinces, Cities and Municipalities, the LEDIP structure may consists of the corresponding functions except for:

• Economic Enterprise Division

• Tourism Division

• Business Development Division

• Investment Services Division