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sole trader

Authored by Parameswary Muthiah

Business

1st - 3rd Grade

Used 2+ times

sole trader
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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

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