Form of Business

Form of Business

University

10 Qs

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Form of Business

Form of Business

Assessment

Quiz

Business

University

Practice Problem

Medium

Created by

NORDIANA AHMAD

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following business forms is NOT a separate legal entity from its owner(s)?

A. Private Limited Company

B. Cooperative

C. Sole Proprietorship

D. Public Limited Company

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the maximum number of partners allowed in a general partnership in Malaysia?

A. 10

B. 20

C. 50

D. Unlimited

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

One key feature of a cooperative is:

A. Profits are shared based on capital investment

B. Voting rights are proportional to shares owned

C. Members have equal voting rights

D. It is run by a sole owner

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which business ownership is subject to the Companies Act 2016?

A. Sole Proprietorship

B. Limited Liability Partnership

C. Corporation

D. Cooperative

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an advantage of a sole proprietorship?

A. Shared liability

B. Easy to raise large capital

C. Simple to set up and control

D. Limited personal liability

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A public limited company can raise capital by issuing shares to the public.

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A limited liability partnership offers personal asset protection to all partners.

True

False

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