S1 Sole Traders & Partnerships
Authored by Christopher Nairn
Computers
10th Grade
Used 501+ times
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7 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How many people own a sole trader business?
3
2
1
20
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How many people can own a partnership?
1
Between 2 and 40
Between 3 and 30
Between 2 and 20
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is unlimited liability?
If the business fails you will not lose personal possessions
If the business fails you will lose personal possessions
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Are Sole Traders large or small businesses?
Large
Small
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of these businesses is a sole trader?
Domino's
Marks & Spencer
Amazon
Local Newsagent
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the businesses has unlimited liability?
Sole Trader
Partnership
Both
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a partnership, all profits are shared between the partners.
False
True
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