BUSINESS OWNERSHIP

What is the most common type of business ownership in Malaysia?

• Sole proprietorship

• Partnership

• Private limited company

• Public limited company

How many individuals can form a partnership in Malaysia?

• Up to 10

• At least 2, no more than 20

• A minimum of 5

• A maximum of 50

Which factor should NOT be considered when starting a new venture?

• Business size

• Capital availability

• Competitor pricing

• Owner's height

Which is an advantage of buying a franchise?

• Full creative control

• High brand recognition

• No fees involved

• No training provided

What is the maximum number of owners allowed in a partnership?

• 5

• 20

• 50

• Unlimited

What is the typical suffix for a private limited company in Malaysia?

• Sdn. Bhd.

• LLC

• Inc.

• Corp.

Which business ownership type offers the most control for the owner?

• Partnership

• Sole proprietorship

• Private limited company

• Public limited company

In a public limited company, who typically elects the board of directors?

• Government officials

• Employees

• Shareholders

• Customers

Which of the following is a feature of a franchise?

• Complete operational independence

• Paying royalties to a franchisor

• No need to follow brand standards

• Full ownership of the brand

What is one of the first decisions an entrepreneur must make?

• Business location

• Business ownership form

• Hiring employees

• Business name