Form of Businesses

Which of the following is a business owned and run by one person?

• Companies

• Sole proprietorship

• Partnership

• Joint Venture

What is the characteristic of a sole proprietorship?

• Hard formation

• Can trade shares on the stock exchange

• Unlimited liability for owners. 

• Limited liability

Below are the characteristics of partnership EXCEPT

• Shared workload and expertise

• Combine resources

• Profit and loss sharing

• Single owner

Below are the characteristics of private companies EXCEPT:

• Shares are held by a limited number of shareholders

• Companies with the word Sendirian Berhad

• Can raise capital by issuing more shares to the public. 

• Many startups and family-owned businesses are the examples

Below is the characteristics of public companies EXCEPT

• The owner is the shareholders

• Entitled to dividend payment

• Limited capital

• Shares are publicly traded on stock exchanges