Business Ownership & Support System Quiz

What is the simplest business structure with minimal legal requirements?

• Partnership

• Company

• Sole Proprietorship

• Public Limited Company

Which type of business ownership allows for unlimited liability for all partners?

• Sole Proprietorship

• General Partnership

• Limited Partnership

• Private Limited Company

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

• 50

• 10

• 100

• 20

What must a Private Limited Company include at the end of its name?

• Corp

• Limited

• Berhad

• Sdn Bhd

Which of the following is NOT an advantage of a Sole Proprietorship?

• Retain profit

• Unlimited liability

• Be your own boss

• Ease of start/end

What is a key disadvantage of a Partnership?

• Longer survival

• Shared management

• Shared risk

• Disagreement among partners

Which type of company allows shareholders to buy and sell shares on the stock market?

• Partnership

• Private Limited Company

• Sole Proprietorship

• Public Limited Company

What is the role of Suruhanjaya Syarikat Malaysia (SSM)?

• To manage public companies

• To register trademarks

• To regulate companies and businesses

• To provide loans to businesses

What is required for a business name that includes a trade name?

• No approval needed

• Approval from the Registrar of Business

• Must be less than 30 characters

• Must be in Malay only

Which form must be submitted to register a Sole Proprietorship?

• Form B

• Form A

• Form C

• Form D