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WorksheetsLMCW
Total questions: 8
Worksheet time: 8mins
Which one is correct about UNLIMITED LIABILITY?
Refers to a legal status where a person's financial liability is limited to a fixed sum, most commonly the value of a person's investment in a company
Refers to the full legal responsibility that business owners and partners assume for all business debts
Sendirian Berhad
What are the three forms of business that we discussed today?
Private Limited Company (SDN BHD), Public Limited Company (BHD), Foreign Company
Limited Liability of Partnership (LLP), Company Limited by Guarantee
Sole proprietorship, Partnership, Company
What are the advantages of a sole proprietorship?
Easiest, least expensive form of ownership, business is easy to dissolve or sell
Limited liability, separate legal entity
low start-up cost, allows several people to combine resources
What are the advantages of a company?
Easiest, least expensive form of ownership, business is easy to dissolve or sell
Limited liability, ability to attract capital, transferable ownership
low start-up cost, allows several people to combine resources
What are the types of intellectual property (IP)?
Journal papers, conference proceeding
Books, book chapter, newspaper article
Patents, copyright, trademark, industrial design
What is the difference between copyright and trademark?
Copyrights protect creative or intellectual works, and Trademarks apply to commercial names, phrases, and logos
Copyrights protect commercial names, phrases, and logos, and Trademarks apply to creative or intellectual works
All of the above are wrong
How to register a business?
Create a product/service > Reserve a name > Statutory declarations
Create a product/service > Reserve a logo > Post to facebook
Reserve a name > Memorandum and Articles of Association (M&A) > Statutory declarations
Which statement is true for the registration of a company?
Any two or more persons can register a company and must be
Malaysians to register for sole proprietorship or partnerships
Only one person can register a company and must be
African to register for sole proprietorship or partnerships
Any two or more persons can register a company and anyone can register for sole proprietorship or partnerships on SSM online website
