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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The following Article confirm that the Federal Constitution is the Supreme law in Malaysia
Article 160
Article 13
Article 153
Article 4(1)
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following statements is CORRECT?
A sole proprietorship is considered a separate legal entity
A sole proprietorship is where one person owns the business
A sole proprietorship has a limited liability
The liability of a sole proprietor is limited to the amount of unpaid capital only
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A partnership may be dissolved in the following circumstances, EXCEPT
Death or bankruptcy
Supervening illegality
Agreement
Order of the Registrar
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The criteria for establishing the existence of a partnership are:
more than two partners; doing business in common and with a view of profit
two and above partners; doing business in common and with a view of profit
more than two partners; doing business in common, with a view of profit and registered
two and above partners; doing business in common, with a view of profit and registered
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A person who wishes to become a director of a company must be at least
18 years old
21 years old
24 years old
16 years old
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A pre-incorporation contract is
a contract entered by a promoter prior to the incorporation of a company
a contract entered by a director prior to the incorporation of a company
a contract entered by a lawyer prior to the incorporation of a company
a contract entered by the majority shareholders prior to the incorporation of a company
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following statements is CORRECT of a limited liability partnership (LLP)?
LLP must have a minimum 2 partners, and there is a maximum limit of 50
LLP must have a minimum 2 partners, and there is a maximum limit of 20
LLP must have a minimum 2 partners, and there is a maximum limit of 50 for professional practice
LLP must have a minimum 2 partners, and there is no maximum limit
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