sole trader

sole trader

1st - 3rd Grade

5 Qs

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sole trader

sole trader

Assessment

Quiz

Business

1st - 3rd Grade

Medium

Created by

Parameswary Muthiah

Used 2+ times

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of business has only one owner?
Sole Trader
Partnership

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of business has the most trouble getting financing?
Sole Trader
Partnership
Both
Neither

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of business is the owner allowed to keep 100% of the profits?
Sole Trader
Partnership
Both
Neither

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of business has limited scope for expansion and might not continue upon death of the owner?
Sole Trader
Partnership
Both
Neither

5.

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