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lOMoAR cPSD| 47206071
Review on Law on Enterprises
1. Who has the right to decide on the dissolution of sole proprietorships? A. Enterprise owner B. Company director
C. Creditors of the enterprise D. All are correct
2. When can sole proprietorships do business?
A. When it is converted into a company
B. When the owner registers with the state agency
C. When it is granted an Enterprise Registration Certificate
D. When it is granted a practicing certificate
3. Who is NOT allowed to contribute capital to establish a sole proprietorship?
A. Individuals own capital in limited liability companies
B. Shareholders in joint stock companies
C. Capital contributing member in a partnership company
D. Soldiers and members of the armed forces are assigned by the State to manage State capital
4. An is the owner of a sole proprietorship buying and selling goods with operating
capital of 100 million VND. If the sole proprietorship owes 150 million for goods from a
supplier, how much is An obligated to pay? A. 100 million B. 150 million C. 50 million
D. Depends on the charter of sole proprietorships
5. Who is allowed to contribute capital to establish a sole proprietorship? A. Partner in a partnership
B. Foreign individuals residing in Vietnam
C. Officials assigned by the State to establish sole proprietorships D. All are correct
6. sole proprietorships have the right to carry out which of the following activities?
A. Contribute capital to establish a limited liability company B. Borrow from the bank
C. Restaurant and eatery business D. All are correct lOMoAR cPSD| 47206071
7. The owner of a sole proprietorship has the right to perform which of the following activities?
A. Contribute capital to establish a limited liability company B. Borrow from the bank
C. Restaurant and eatery business D. All are correct
8. The owner of a sole proprietorship does NOT have the right to perform which of the following activities?
A. Contribute capital to establish more sole proprietorships
B. Borrowing bank loans to serve sole proprietorship business activities
C. File a civil lawsuit when business is damaged D. All are correct
9. An is the owner of a sole proprietorship buying and selling goods with operating
capital of 100 million VND. An hires a salesperson; If the employee takes the supplier's
goods and flees, who is obligated to pay the supplier?
A. An has an obligation to pay
B. An found the employee to request payment
C. The supplier must find An's employee to request payment
D. An and the employee are both obligated to pay
10. sole proprietorships can be organized according to which of the following models?
A. Director, Chief Accountant, Head of Sales, Head of Human Resources
B. General Director, Chief Accountant, Head of Sales, Head of Human Resources
C. The whole thing is managed by the sole proprietorship owner himself D. All are correct
11. An is the owner of a sole proprietorship buying and selling goods with operating
capital of 100 million VND. An sole proprietorship business owes 50 million; If An sells
the sole proprietorship to Binh, who is responsible for repaying the debt?
A. An must pay 50 million in debt
B. An and Binh share half of the debt and must make a contract
C. Binh must help An repay the debt
D. An and Binh can come to an agreement if the creditor allows it
12. In what ways are sole proprietorships allowed to mobilize capital?
A. Merger with another enterprise B. Issuing bonds
C. sole proprietorship owners contribute capital themselves
D. Prepare a bank loan contract lOMoAR cPSD| 47206071
13. Who has the right to register to establish a business household? A. Member of limited company
B. Shareholders in joint stock companies
C. Members of the same household D. All are correct
14. Business households are allowed to perform which of the following activities?
A. Doing business in conditional business lines
B. Hire an accountant to do the bookkeeping for you
C. Place many business locations that are not in the place of residence D. All are correct
15. Business owners are NOT allowed to do which of the following activities?
A. Change information about household business lines
B. To inherit the business household C. Both are correct D. Both are wrong
16. A is the owner of a sole proprietorship buying and selling goods with operating
capital of 100 million VND. A died; A's legal heirs include A's biological mother (80
years old), A's wife, and A's daughter (16 years old). Who has the right to inherit a sole
proprietorship? A. A's wife and A's daughter B. A's wife and A's mother
C. A's wife, mother and daughter
D. A's mother and A's daughter
17. Which statement is TRUE about a partnership company?
A. A partnership has the ability to be liable with its own assets
B. Owners of partnerships are individuals and organizations
C. A partnership has at least 2 individual owners D. All are correct
18. Which of the following statements is FALSE about partnerships?
A. A partnership has legal status
B. Partnership can borrow capital
C. A partnership must have all owners as individuals D. All are wrong
19. The assets of the partnership include_
A. Contributed capital of limited partners
B. Private property of general partners
C. All profits earned in business lOMoAR cPSD| 47206071 D. All are correct
20. A general partner is NOT allowed to do which of the following activities?
A. Contribute capital to establish a joint stock company
B. Establishing a business household C. Buy bonds of LLC
D. Borrowing from the bank on behalf of the partnership
21. A general partner is allowed to perform which of the following activities?
A. Doing business in the same business line as the partnership
B. Contribute additional capital to the partnership C. Both are correct D. Both are wrong
22. An Binh partnership was established by An (capital contribution of 30 million) and
Binh (capital contribution of 40 million). If Thanh Cong LLC wants to participate in
business with An Binh, it can become_ A. General partner B. limited partners
C. Depending on the agreement with An and Binh
D. Not allowed to contribute capital
23. Requirements for general partners are_
A. Must have business management skills
B. Not allowed to own a private enterprise
C. Have knowledge in the business field of the partnership D. All are correct
24. Requirements for limited partners are_
A. Must have business management skills
B. Not allowed to own a private enterprise
C. Have knowledge in the business field of the partnership D. All are wrong
25. When does a partnership have legal status?
A. From the time the general partners register their business
B. From the time of issuance of enterprise registration certificate
C. From the time the last general partner contributes capital
D. From the time stated in the general partner's capital contribution agreement lOMoAR cPSD| 47206071
26. Who has the right to decide on accepting new members into the partnership? A.
General partners receive general partners; limited partners receive limited partners B. General partner
C. Chairman of the Board of Members D. All are wrong
27. What issues can limited partners vote on?
A. Changes in members' rights and obligations B. Change the company charter
C. Change the company's organizational structure D. All are correct
28. What departments must be included in the organizational structure of a
partnership? A. Audit committee B. Executive Board C. Board of members D. General partner
29. When does the partnership partner need to convene a meeting of the Board of members?
A. When a member of the partnership requests
B. When the Chairman of the Board of Members considers it necessary
C. The partnership is required to hold a meeting of the Board of members at the end of the fiscal year D. All are correct
30. Board members of a partnership include_ A. General partner B. Company member C. limited partners D. Members have voting rights
31. What type of securities can a limited liability company issue? A. Stocks B. Bonds C. Both a and b D. Shares
32. In the case of valuation by an appraisal organization, how many per cent of members
must approve the value of contributed assets? A. 30% B. 50% lOMoAR cPSD| 47206071 C. 100% D. No need for approval
33. Limited liability company has which of the following characteristics? A. Members are not liable
B. Members are liable up to the amount of capital they have contributed
C. Must have at least two members D. Both a and b
34. Who can establish a limited liability company? A. Individuals B. Organizations C. Both a and b D. No one
35. How many members can a limited liability company have at most? A. 30 B. 40 C. 50 D. 60
36. Which authority is responsible for issuing certificates of business registration for limited liability companies?
A. Department of Planning and Investment
B. General Department of Taxation C. Tax Department D. All of the above
37. What type of shares can a limited liability company issue? A. Common shares B. Preferred shares C. Both a and b D. No type
38. Who has the authority to decide on the issuance of bonds by a limited liability company? A. Director/CEO B. Board of Members C. Board of Supervisors
D. General Meeting of Shareholders
39. Who has the authority to decide on the distribution of profits of a limited lOMoAR cPSD| 47206071 liability company? A. Director/CEO B. Board of Members
C. General Meeting of Shareholders D. Board of Supervisors
40. Can a limited liability company repurchase the contributed capital of its members?
A. Yes, if there is a resolution of the General Meeting of Shareholders
B. Yes, if there is a request from a member who voted against the resolution or decision of the Board of Members C. Not allowed to repurchase D. All of the above
41. Resolutions or decisions of the Board of Members are approved at a meeting if the
attending members collectively owning 65% or more of the total contributed capital of
all attending members agree, except as provided for in point b clause 3 Article 59 of the 2020 Enterprise Law. A. True B. False
C. Depending on the company's regulations D. All are false.
42. Which condition requires the company to have a Board of Controllers/Supervisors?
A. A public corporation that has been listed on the stock exchange B. A group of companies
C. A State-owned limited liability company
D. A Joint stock company with less than 11 shareholders and organization shareholders have <50% of the shares
43. Nhan, Nghi, Lam and Trung established a limited liability company together with the
following stakes: Nhan 10%, Nghi 23%, Lam 21%, Trung 46%. They elected Trung as the
President of Board of Members and Director. Which activities can Trung do?
A. Establish a board of directors
B. Convene a Members’ council meeting
C. Add a new business in company’s activities
D.Report to the government about the company’s activities
44. Which decision in a Joint stock company does NOT the General meeting of shareholders? A. Reorganization B. Dissolution C. Sale of shares lOMoAR cPSD| 47206071 D.
Elect President of the Board of Directors
45. In April 2021, A, B, C and D decided to establish Thanh Cong Limited Liability
Company. The company has four (4) members with the contribution as follow: A 20%,
B 25%, C 45% and D 10%. The total charter capital of the Company is 10 billion VND.
According to the company’s charter, A is the chairman of the BOM, B is the company’s
representative, and C is the director. Other provisions of the company’s charter are in
compliance with the Law on Enterprises 2020. A meeting of the BOM might be held if: a. A, B attends. b. B, C attends. c. B, D attends. d. A, D attends.
46. On 1st June 2021, the meeting of the BOM of Thanh Cong Limited Liability Company
has been successfully convened with the attendance of all members. In the meeting, if
only C and D voted for approval, but A and B did not vote.
Which issue would be approved after the meeting? a.
Change of the company’s business lines.
b. Change of the company’s organizational structure.
c. Reorganization or dissolution of the company. d. None of issues. JSC case:
On October 30, 2020, ABC Confectionery Production Joint Stock Company was
established with a charter capital of 10 billion VND for 1.000.000 shares , with 20
shareholders. The company only issues common (ordinary) shares, par value 10,000
VND/share. There are 3 founding shareholders: A holds 250,000 shares, Company B
(including 3 members X, Y, Z) holds 100,000 shares, C holds 250,000 shares. C is the
Chairman of the Board of Directors and General Director and the legal representative of the company at the same time.
1. In early 2022, C will settle abroad. Other shareholders require C to sell all of his shares
to the founding shareholders in proportion to their existing shares in the company.
But C did not agree and authorized his children to participate in the management and
operation of the company. State your views on the above situation.
2. Is ABC Joint Stock Company required to have a board of controllers?
3. ABC Joint Stock Company plans to merge with Minh Long Company. The General
Meeting of Shareholders was convened but only founding shareholders attended. At
the meeting, only A and C agreed on the merger plan. Whether the resolution of the
General Meeting of Shareholders was approved or not?
4. C plans to establish a private enterprise to manufacture confectionery, but the
remaining members object and request that if C establishes his own company, he lOMoAR cPSD| 47206071
must leave the company. Does C's decision violate the law? Are the requests of the
remaining shareholders reasonable?