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Business Structures and Models Quiz

Authored by Emily Wee

Business

Professional Development

Used 1+ times

Business Structures and Models Quiz
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a main business structure in Singapore?

Sole proprietorship

Partnership

Private limited company

All of the above

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main characteristic of a sole proprietorship?

Separate legal entity from the business owner

Limited liability for the business owner

Unlimited liability for the business owner

Owned by multiple partners

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How many partners can be involved in a partnership in Singapore?

Up to 2 partners

Up to 10 partners

Up to 20 partners

Unlimited number of partners

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main difference between a general partnership and a limited partnership?

General partnership has unlimited liability, while limited partnership has limited liability

General partnership has limited liability, while limited partnership has unlimited liability

General partnership has a fixed number of partners, while limited partnership can have unlimited partners

General partnership is owned by the government, while limited partnership is privately owned

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of business structure has a separate legal identity like a private limited company?

Sole proprietorship

Partnership

Limited liability partnership

Public limited company

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the maximum number of shareholders allowed in a private limited company in Singapore?

10

20

50

Unlimited

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of business model focuses on selling products/services online?

Manufacturer

Distributor

Retailer

E-Commerce

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