Business Structures and Models Quiz

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

• Sole proprietorship

• Partnership

• Private limited company

• All of the above

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

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

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

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

• Sole proprietorship

• Partnership

• Limited liability partnership

• Public limited company

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

• 10

• 20

• 50

• Unlimited

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

• Manufacturer

• Distributor

• Retailer

• E-Commerce

What is the main characteristic of a high touch business model?

• Focuses on removing human interaction from the sales process

• Relies on face-to-face interaction with customers

• Uses automated processes to facilitate the sales experience

• Requires a partnership between the company and the customer

Which type of business model focuses on decreasing barriers to adoption of products/services?

• Manufacturer

• Distributor

• Retailer

• Low touch

What is the main advantage of a private limited company?

• Separate legal entity with limited liability

• Better tax benefits

• Ease of raising capital

• All of the above