Ownership Recap
Authored by E Smith
Business
8th Grade
Used 4+ times
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9 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
I am owned by 1 person- what am I?
Sole Trader
Partnership
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
I am owned by 2- 20 people- what am I?
Sole Trader
Partnership
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A good thing about being a sole trader is . . .
Make millions instantly
Keep all the profit
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A bad thing about being a sole trader is . . .
You are your own boss
Noone to share the workload
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which business is most likely to be a sole trader?
Hairdresser
Bank
Solicitor
Clothes Shop
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A partnership is owned by 2- 20 people?
True
False
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A good thing about being in a partnership is . . .
You can share skills
Unlimited liability
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