Questions and Answers
What is ownership in an organization?
Ownership is the legal control over a business.
Which of the following are patterns of ownership in Malaysia? Select all that apply.
Private limited companies in Malaysia can have 100% ownership by one individual.
True
Commercial vehicles in Malaysia require specific ____ for operation.
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Match the following types of driving licenses with their descriptions:
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What is the role of the RECEIVER (CONSIGNEE)?
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What is the role of the GOVERNMENT in transportation?
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What does the PUBLIC expect from transportation?
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What is the main role of the CENTRAL AND LOCAL GOVERNMENT in Malaysia?
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Malaysia is a constitutional monarchy and parliamentary democracy with three levels of government: federal, state, and __________.
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Match the following components related to Transportation and their descriptions:
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Study Notes
Structure and Organization of Transportation
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Types of Ownership Patterns:
- Private
- Semi-public and public
- Department of state
Private Ownership
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Sole Proprietorships:
- Simplest business structure owned by one individual
- Restricted to Malaysian citizens in Malaysia
- Suitable for those with sufficient funds for independent business initiation
- Owner has complete control over the business and retains all profits
-
Private Limited Companies:
- Distinct legal entity separate from its owners
- Typically owned and regulated by state or federal governments
- One of two types of share-limited companies in Malaysia
-
Partnerships:
- Involves two to twenty individuals working together
- Combining their resources for business operations
- A starting agreement outlines roles, decision-making, and how profits or losses will be shared among partners
Semi-Public/Government-Linked Corporation (GLC)
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Businesses with a primary commercial goal:
- In which the Malaysian government has a direct controlling interest
- Examples: Petronas, Sime Darby Berhad, PNB, CIMB, EPF, TH, and Khazanah Nasional Berhad
Department of State
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13 states in Malaysia:
- Each state has its own government
- State governments work similar to the federal government in Malaysia
- Using a system called the Westminster Parliamentary system
Carriers and Transportation Firms
-
Common Carriers:
- People or businesses that transport goods or people for others
- Either for free or in exchange for payment
- Four main types:
- Common carriers
- Non-vessel operating common carriers (NVOCC)
- Private carriers
- Public carriers
Commercial Vehicles in Malaysia
-
Definition:
- Commercial vehicles encompass lorries, trailers, vans, taxis, and buses
- Require specific permits for operation
-
Types of Licensed Transportation:
- Taxi
- Bus
- Light Vehicle
- Heavy Vehicle
- Out of Gauge (OOG) and Special Permits
Roles in Transportation
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Shipper (Consigor):
- Initiates the transportation process
- Aims for swift and secure delivery
- Objective: successful transaction involves moving goods efficiently and cost-effectively
-
Receiver (Consignee):
- Receives the shipped goods
- Seeks low-cost, reliable transportation with prompt delivery
- Objective: wants goods delivered swiftly and affordably
-
Carrier and Agents:
- Carrier: provides transportation services
- Agent: represents a party when dealing with a third party
-
Government:
- Regulates and oversees transportation through policies and rules
- Ensures stable and efficient transportation
- Objective: seeks a robust transportation environment for sustained economic growth
-
Public:
- Comprises individual consumers and businesses
- Expects accessible, reasonably priced, safe, and reliable transportation
- Objective: demands easily available and reasonably priced transportation, emphasizing safety and environmental impact
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Description
This quiz covers the structure and organization of transportation, including patterns of ownership, third-party logistics, and commercial vehicle permits.
