What is a sole proprietorship?

Business Organizations Quiz

Quiz
•
Social Studies
•
Professional Development
•
Medium
MAN CHAN
Used 4+ times
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12 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What advantage does a corporation provide?
Unlimited liability for shareholders
Separation of personal and business assets
No legal structure
Sole ownership of the business
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does SSM stand for?
Sole Shareholder Management
Companies Commission of Malaysia
Standardized Shareholder Model
Small Scale Management
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
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