Chapter 5: Business Entities, Formation & Support System

Chapter 5: Business Entities, Formation & Support System

Edited by KAMARULZAMAN ISHAK

Multiple Choice

Private Limited Company shares can be bought and sold through the share market.

• True

• False

Multiple Choice

Sole proprietorship is the hardest type of business to set up as it involves a lot of paperwork and procedures to follow.

• True

• False

Multiple Choice

Sole proprietorship and partnership business are set up under the Business Registration Act 1956.

• True

• False

Multiple Choice

KFC, McDonalds, Merrybrown are examples of:

• Starting from scratch business

• Franchise business

• Buying an existing business

• Family owned business

Multiple Choice

One of the advantages of franchising is the shared risks between franchisor and franchisee.

• True

• False

Multiple Choice

Finding the right successor is one of the characteristics of the franchise business.

• True

• False

Multiple Choice

If you want to find out more about marketing salted eggs, the organization to refer is ________

• Malaysian Palm Oil Board (MPOB)

• Standards and Industrial Research Institute (SIRIM)

• Majlis Amanah Rakyat (MARA)

• Federal Agriculture Marketing Authority (FAMA)

Multiple Choice

You discovered a new technology to keep produce such as vegetables and fruits fresh for longer time period. The organization that can assist you in acquiring the technology is _________.

• MPOB

• MIDA

• MIMOS

• SIRIM