Business Ownership in Malaysia Quiz

What is the simplest form of business ownership in Malaysia?

• Partnership

• Corporation

• Sole Proprietorship

• Public Limited Company

Under which act is Sole Proprietorship governed?

• Companies Act 1965

• Business Registration Act 1956

• Partnership Act 1961

• Consumer Protection Act 1999

What is the maximum number of people allowed in a Partnership in Malaysia?

• 10

• 15

• 20

• 25

Which business type allows its owners to have "unlimited liability"?

• Corporation

• Sole Proprietorship

• Limited Liability Company

• Public Limited Company

What is the distinguishing feature of a Private Limited Company in Malaysia?

• Unlimited shareholders

• Shares can be sold publicly

• Name ends with ‘Sdn. Bhd.’

• Operated by one person

Which of the following is NOT an advantage of a Sole Proprietorship?

• Full control of the business

• Limited access to funds

• No need for financial reports disclosure

• Taxation advantage

What is one of the main disadvantages of a Partnership?

• Increased resources for capital

• Conflict between partners

• Combined talents and skills

• Ease of formation

Which of the following agencies provides financial support to entrepreneurs?

• MARA

• MPOB

• SIRIM

• MIMOS

Which of the following is a characteristic of a Public Limited Company?

• Shares can only be sold to family members

• No more than 20 owners

• Shares can be publicly traded

• Unlimited liability for shareholders

Which support system provides research and analysis for business projects?

• Marketing Support

• Information Support

• Extension and Advisory Services

• Research and Project Recognition