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SGS Business 1.4.1 Options for startup and small business

Authored by David Tubb

Business

9th - 11th Grade

Used 26+ times

SGS Business 1.4.1 Options for startup and small business
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28 questions

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1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A sole proprietor has to share the profits made by the business. True or False?

True

False

2.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Select TWO true statements that relate to a sole trader.

Sole traders have limited liability

Sole traders get to make all their own decisions about the business

Sole traders may find it harder to raise funds for the business

Sole traders usually get more holidays than partners or directors

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of business has only one owner?

Sole Trader
Partnership

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of business can have two or more employees?

Sole Trader
Partnership
Both
Neither

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of business has the most trouble getting financing?

Sole Trader
Partnership
Both
Neither

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of business is private?

Sole Trader
Partnership
Both
Neither

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of business has unlimited liability?

Sole Trader
Partnership
Both
Neither

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