sole traders

sole traders

9th Grade

10 Qs

quiz-placeholder

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sole traders

sole traders

Assessment

Quiz

Social Studies

9th Grade

Practice Problem

Medium

Created by

Steven Turner

Used 6+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these occupations is most likely to be a sole trader?

banker

hospital worker

electrician

teacher

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these is an advantage of a sole trader?

You work long hours

The business is quick and easy to set up

You have got a lot of responsibility

The work can be stressful

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Liability means responsibility for debts. What type of liability does a sole trader have?

Unlimited liability

Corporate liability

No liability

Limited liability

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which one of these occupations is definitely not a sole trader?

hairdresser

cafe owner

bank manager

plumber

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these is a disadvantage of being a sole trader?

limited liability

unlimited liability

you keep all the profits

you are your own boss

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these is an advantage of being a sole trader?

unlimited liability

difficult to raise a lot of capital

you work long hours

you keep all the profits

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these occupations is most likely to be a sole trader?

shop worker

waiter at a restaurant

gardener

teacher

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