Business Organizations in Malaysia
Flashcard
•
Business
•
University
•
Hard
norliza (BG)
FREE Resource
Student preview
4 questions
Show all answers
1.
FLASHCARD QUESTION
Front
What are the three main types of business organizations in Malaysia?
Back
Sole proprietorship, partnership, and corporation.
2.
FLASHCARD QUESTION
Front
Define a sole proprietorship.
Back
A sole proprietorship is a business owned and operated by a single individual.
3.
FLASHCARD QUESTION
Front
List two characteristics of a partnership business.
Back
1. Shared ownership and management. 2. Profit and loss sharing among partners.
4.
FLASHCARD QUESTION
Front
What is the minimum number of owners required for a partnership business?
Back
Two owners.
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