MPU2222: Business Ownership

Which of the following business ownership is known as simplest business structure?

• Sole proprietorships

• Partnership

• Corporation

• Institution

Which of the following is NOT an advantage of sole proprietorship?

• Fewer legal restrictions

• Full and total responsibility

• Unlimited liability

• No requirement for authorization

Partnership is owned by at least ______ people.

• 1

• 2

• 3

• 5

In private limited company, its limited by _____.

• resources

• assets

• shares

• equipment

Which business ownership type name ends with "Berhad"?

• Private limited company

• Public limited company

• General limited company

• Corporation limited company