BUSINESS ORGANIZATION PRACTICE

Types of Business Vehicle, EXCEPT :

• Company

• Domestic agreement

• Partnership

• Sole proprietor

No separate legal existence between the business and the person who conduct the business

• Injunction mareva

• Corporation

• Enterprise

• Partnership

Sole proprietorship is personally liable for the profit and loss

• True

• False

Legal action must be brought under the partner’s name

• Mareva

• Sole proprietor

• Company

• Partnership

_______ have separate legal entity

• Company

• Sole proprietor

• Limited liability partnership

• Partnership

______ is governed under Limited Liability Partnership Act 2012

• Partnership

• Company

• Limited Liability Partnership

• Sole proprietor

Ali and Abu decided to operate a business of satay called Sate Kajang Aliboo together. This is sole proprietorship

• True

• False

Maximum number of members for Private Company is _____

• 50

• 51

• 52

• 55

For a company, the responsibility for management of business is on

• Board of directors

• Managers

• Partners

• The accountant

Number of shareholders for a public company is ____

• Min : 5 , Max 100

• Min : 2 , Max : Unlimited

• Min : Unlimited , Max : Unlimited

• Min : 20 , Max : 50