Business Entities & Nature of Partnership

Business Entities & Nature of Partnership

University

22 Qs

quiz-placeholder

Similar activities

โครงการPSU ห่วงใยใส่ใจสุขภาพ Season2 Ep1

โครงการPSU ห่วงใยใส่ใจสุขภาพ Season2 Ep1

University

20 Qs

INTERNET

INTERNET

University

20 Qs

PF Unit 5

PF Unit 5

KG - University

20 Qs

Safety Briefing Quiz

Safety Briefing Quiz

University

20 Qs

Pengetahuan di India

Pengetahuan di India

KG - Professional Development

20 Qs

SAS 2021

SAS 2021

University

20 Qs

Pedagogi

Pedagogi

University - Professional Development

20 Qs

Infancy

Infancy

University

20 Qs

Business Entities & Nature of Partnership

Business Entities & Nature of Partnership

Assessment

Quiz

Other

University

Practice Problem

Medium

Created by

syahmi ismail

Used 312+ times

FREE Resource

AI

Enhance your content in a minute

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

22 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

The registration of partnership business is governed by ____.

Partnership Act 1961

Registration of Partnership Act 1956

Registration of Business Act 1956

Companies Act 1965

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A partnership may only be formed by a written agreement.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The partners and the partnership firm is considered as one single entity.

True

False

4.

MULTIPLE CHOICE QUESTION

1 min • 2 pts

The following statements are the similarities between sole-proprietorship and partnership business EXCEPT ___.

the liability is unlimited

the setting up of business requires a formal agreement

there is no separate legal entity between the members and the business

the business is registered under Registration of Business Act 1956

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

The maximum number of members in an Ordinary Partnership is ____.

10

20

50

Unlimited

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Private properties of a partner will not be subjected to legal liability of the partnership firm.

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Limited liability partnerships may only be formed for professional practices.

True

False

Create a free account and access millions of resources

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?