ENT300 CHAPTER 6 (EXERCISE)

ENT300 CHAPTER 6 (EXERCISE)

University

30 Qs

quiz-placeholder

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ENT300 CHAPTER 6 (EXERCISE)

ENT300 CHAPTER 6 (EXERCISE)

Assessment

Quiz

Business, Other, Others

University

Practice Problem

Medium

Created by

SITI MUSTAPA

Used 13+ times

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30 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Partnership is owned by one person whose liability is unlimited

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Characteristics of Private Limited Company is below except

Membership

Right and responsibility

Single owner

Liabilities

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Partnership is

legal business entity with two or more partners

legal entity and its identity is separate from the identity of the company's members

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

One of the advantages of Sole Proprietorship is easy to manage since the owner can make his/her own decision

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Disadvantages of partnership are below except

Since the business liabilities are unlimited, it may involve personal assets of the partners

Risk of personal clashes among partners

Misconduct or unethical behaviour might happen without Letter of Agreement among partners.

Lots of ideas, talents and skilss can be pooled together for better management

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Private Limited Company is a legal entity and its identity is separate from the identity of the company's members

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Disadvantage of Sole Proprietorship is

Owner enjoy certain degree of flexibility

Limited source of capital

Easy to form and dissolve

Profits or losses beared by owner

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