Post Test - Partnership

Post Test - Partnership

Professional Development

10 Qs

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Post Test - Partnership

Post Test - Partnership

Assessment

Quiz

Professional Development

Professional Development

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Created by

talaha patah

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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Partnership is “an association of any kind (including joint ventures, syndicates and cases where a party to the association is itself a partnership) between parties who have agreed to combine all are below:

Skills

Power

Property

All

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The maximum number of partners for professional practice in Malaysia:

2

20

22

No limit

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Limited liability partnerships were introduced in year of

2010

2012

2013

2015

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Partnerships were introduced by which Act of Parliament?

Partnership Act 1961 (Revised 1974)

Partnership Act 1967 (Revised 1974)

Partnership Act 1997 (Revised 1974)

Partnership Act 1961 (Revised 2016)

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What kind of partner is BEST described by these statements. "I am the partners in this business and I take all the risks of doing business".

Cooperative partner

Limited partner

Passive partners

Full partner

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The legal characteristic of a partnership whereby each partner is an agent of the partnership and is able to bind the partnership to contracts within the normal scope of the partnership business is known as:

Unlimited liability

A partnership contract

A mutual agency

Separate entity

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A partnership ALWIZ need a formal agreement.

True

False

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