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Let's Test your Understanding

Authored by Nazatul Nazeri

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University

Used 6+ times

Let's Test your Understanding
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11 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following refers to the term 'liabilities' of a member in Topic 2?

The responsibilities of the members in case of any situations

The responsibilities of the members in case the company wound up

The responsibilities of a the company to itself

The responsibilities of the company to its members

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT the information required during an LLP registration?

Name of the proposed LLP

Nature of the partnership before the proposed LLP

Registered office of the proposed LLP

Details of the members of the proposed LLP

3.

MULTIPLE SELECT QUESTION

1 min • 1 pt

Please choose multiple answers for the following question.

Which of the following persons can register an LLP?

An aunty selling laksa at the side of the road.

50 partners in an architecture firm.

A loan shark giving out

An F&B business and a fashion business forming a joint-venture.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT the principles in the formation of a private company?

Has not more than 50 members

Right to transfer its shares is prohibited

The public is permitted to subscribe its shares

The public is prohibited from depositing money into the company

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Must foreign LLP / Company register itself in Malaysia?

Yes, to ensure it can operate legally in Malaysia

Yes, to boost the economy of Malaysia

No, because it is not their obligations to do so

No, because it is forbidden for them to operate in Malaysia

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Cropmate Berhad is a ​ (a) ____ because there is the word 'Berhad' in its name.

Whereas, Bridgestone Tyre Sales (Malaysia) Sdn. Bhd. is ​a ​ (b) ____  because of the word 'Sdn Bhd' in its name.

a) Public Company

b) Private Company

a) Private Company

b) Public Company

a) LLP

b) partnership

a) partnership

b) LLP

7.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Please choose multiple answers for the following question.

Which pairs are TRUE?

Holding Company --> Company owning the majority shares of another company

Subsidiary Company --> Company holds the shares of the other company fully

Ultimate Holding Company --> Company owning all the shares in another company

Wholly Owned Subsidiary --> A company fully owned by another company

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