LMCW

LMCW

University

8 Qs

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LMCW

LMCW

Assessment

Quiz

Life Skills, Business

University

Medium

Created by

Abdullah Luthfi

Used 1+ times

FREE Resource

8 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which one is correct about UNLIMITED LIABILITY?

Refers to a legal status where a person's financial liability is limited to a fixed sum, most commonly the value of a person's investment in a company

Refers to the full legal responsibility that business owners and partners assume for all business debts

Sendirian Berhad

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What are the three forms of business that we discussed today?

Private Limited Company (SDN BHD), Public Limited Company (BHD), Foreign Company

Limited Liability of Partnership (LLP), Company Limited by Guarantee

Sole proprietorship, Partnership, Company

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What are the advantages of a sole proprietorship?

Easiest, least expensive form of ownership, business is easy to dissolve or sell

Limited liability, separate legal entity

low start-up cost, allows several people to combine resources

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What are the advantages of a company?

Easiest, least expensive form of ownership, business is easy to dissolve or sell

Limited liability, ability to attract capital, transferable ownership

low start-up cost, allows several people to combine resources

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What are the types of intellectual property (IP)?

Journal papers, conference proceeding

Books, book chapter, newspaper article

Patents, copyright, trademark, industrial design

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the difference between copyright and trademark?

Copyrights protect creative or intellectual works, and Trademarks apply to commercial names, phrases, and logos

Copyrights protect commercial names, phrases, and logos, and Trademarks apply to creative or intellectual works

All of the above are wrong

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

How to register a business?

Create a product/service > Reserve a name > Statutory declarations

Create a product/service > Reserve a logo > Post to facebook

Reserve a name > Memorandum and Articles of Association (M&A) > Statutory declarations

8.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which statement is true for the registration of a company?

Any two or more persons can register a company and must be

Malaysians to register for sole proprietorship or partnerships

Only one person can register a company and must be

African to register for sole proprietorship or partnerships

Any two or more persons can register a company and anyone can register for sole proprietorship or partnerships on SSM online website