'Revised Corporation Code Practice Test 2025 – Comprehensive All-in-One Guide to Master Corporate Law'

The primary purpose of the Revised Corporation Code is to promote the growth and development of corporations in the Philippines. This is reflected in the Code's provisions that encourage entrepreneurship, streamline corporate governance, and provide a more efficient framework for businesses to operate within the country. The Code aims to create a favorable environment for both local and foreign investments, thus fostering economic stability and development.

While other options touch on important aspects of corporate regulation, they do not represent the fundamental goal of the Revised Corporation Code as effectively as the emphasis on growth and development does. Ensuring accountability, simplifying liquidation processes, and regulating foreign operations are certainly critical functions of corporate law, but they serve as mechanisms to support the overarching aim of fostering a robust corporate sector that can thrive and contribute to the national economy.