ENT300 ENTREPRENEURSHIP CHAPTER 5 AND 6

ENT300 ENTREPRENEURSHIP CHAPTER 5 AND 6

University

20 Qs

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ENT300 ENTREPRENEURSHIP CHAPTER 5 AND 6

ENT300 ENTREPRENEURSHIP CHAPTER 5 AND 6

Assessment

Quiz

Business

University

Practice Problem

Medium

Created by

Hawa Hasmadi

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

The business entities in Malaysia are business, company and hybrid.

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What Acts applies to Limited Company by guarantee and Limited Company by share ?

Limited Liability Partnership Act 2012

Business Registration Act 1956

Company Act 1965

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Partnership is owned by one person whose liability is unlimited

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Characteristics of Private Limited Company is below except

Membership

Right and responsibility

Single owner

Liabilities

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Partnership is

legal business entity with two or more partners

legal entity and its identity is separate from the identity of the company's members

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

One of the advantages of Sole Proprietorship is easy to manage since the owner can make his/her own decision

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Disadvantages of partnership are below except

Since the business liabilities are unlimited, it may involve personal assets of the partners

Risk of personal clashes among partners

Misconduct or unethical behaviour might happen without Letter of Agreement among partners.

Lots of ideas, talents and skilss can be pooled together for better management

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