Business Organizations Flashcard
Flashcard
•
Social Studies
•
Professional Development
•
Practice Problem
•
Hard
Wayground Content
FREE Resource
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12 questions
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1.
FLASHCARD QUESTION
Front
What is a sole proprietorship?
Back
A business structure where a single individual owns and operates the business.
2.
FLASHCARD QUESTION
Front
What is a key characteristic of a partnership?
Back
It is a formal arrangement between two or more parties
3.
FLASHCARD QUESTION
Front
What advantage does a corporation provide?
Back
Separation of personal and business assets
4.
FLASHCARD QUESTION
Front
What is a Sendirian Berhad (Sdn Bhd) company?
Back
A private limited business entity in Malaysia
5.
FLASHCARD QUESTION
Front
How many shareholders can a Sdn Bhd company have?
Back
1 to 50 shareholders
6.
FLASHCARD QUESTION
Front
What does SSM stand for?
Back
Companies Commission of Malaysia
7.
FLASHCARD QUESTION
Front
What is the primary role of SSM?
Back
To ensure compliance with corporate laws
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