Business Organizations Quiz

What is a sole proprietorship?

• A business owned by multiple individuals

• A business structure where a single individual owns and operates the business

• A legal structure that separates owners from the business

• A private limited business entity in Malaysia

What is a key characteristic of a partnership?

• It provides limited liability to its owners

• It is owned by a single individual

• It is registered under the Companies Act 2016

• It is a formal arrangement between two or more parties

What advantage does a corporation provide?

• Unlimited liability for shareholders

• Separation of personal and business assets

• No legal structure

• Sole ownership of the business

What is a Sendirian Berhad (Sdn Bhd) company?

• A non-profit organization

• A partnership arrangement

• A private limited business entity in Malaysia

• A type of sole proprietorship

How many shareholders can a Sdn Bhd company have?

• 1 to 10 shareholders

• 1 to 50 shareholders

• 1 to 100 shareholders

• No limit on shareholders

What does SSM stand for?

• Sole Shareholder Management

• Companies Commission of Malaysia

• Standardized Shareholder Model

• Small Scale Management

What is the primary role of SSM?

• To manage employee relations

• To ensure compliance with corporate laws

• To provide loans to businesses

• To promote entrepreneurship

What is a key feature of a sole proprietorship?

• Multiple owners share profits

• It is a separate legal entity

• No legal distinction between owner and business

• Limited liability for the owner

Which of the following is NOT a type of business ownership mentioned?

• Franchise

• Corporation

• Partnership

• Sole Proprietorship

What is the legal distinction of a corporation?

• It is owned by a single individual

• It is treated as a separate entity from its shareholders

• It is a type of partnership

• It has no legal structure