ENTREPRENEURIAL OPPORTUNITIES
IDENTIFYING AND EVALUATING BUSINESS OPPORTUNITIES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Partnership is a business entity that
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use ‘Sendirian Berhad’ or ‘Sdn Bhd’ at the end of the business’s name.
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has limited liability.
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is controlled in a democratic manner.
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has unlimited liability.
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Explanation:
Detailed explanation-1: -Unincorporated businesses such as sole traders have unlimited liability. In other words, the individual who has started the business will be personally liable for business debts until they choose to incorporate.
Detailed explanation-2: -In unlimited liability businesses, the owners and partners are wholly responsible for their company’s debts and all other financial commitments. An example of unlimited liability is where a sole owner is responsible for a business, making themselves and the business entity one and the same thing.
There is 1 question to complete.