REVISION MIDTERM TECHNO

Opportunity is defined as a situation that enables an entrepreneur to offer marketable products or services to interested buyers or end users.

• TRUE

• FALSE

The first step in the opportunity identification process is to identify the needs and wants of customers.

• TRUE

• FALSE

Businesses that operate as sole proprietorships have just one owner.

• TRUE

• FALSE

A public limited company may have an unlimited number of partners or shareholders.

• TRUE

• FALSE

Partnership companies require a company secretary.

• TRUE

• FALSE

The board of directors has the responsibility to manage a Public Limited Company.

• TRUE

• FALSE

One disadvantage of a Private Limited Company is high taxation.

• TRUE

• FALSE

Business owners can choose to register their business with Suruhanjaya Syarikat Malaysia (SSM) or with the district office.

• TRUE

• FALSE

The business support system refers to the assistance and services given by the government or private agencies to help entrepreneurs start a new business or develop an existing one.

• TRUE

• FALSE

Supplier Trade Credit is defined as asset rental.

• TRUE

• FALSE