Business 8A 8B
Authored by HUGO GALORA
Business
9th - 12th Grade
Used 2+ times
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25 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A sole trader is...
an individual who owns a fraction of a business.
a person who owns and runs a business alone.
2 or more people that own a business.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
One advantage of a sole tarder ...
Bring more expertise to the business than one person
Complete control over all the important decisions
Greater stability
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
One disadvantage of a sole tarder ...
There is a lack of continuity
Greater chance for expansion.
Greater stability
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Partnership is ...
2 or more people in charge of a business.
2 or more people who buy products.
2 or more people who acquire goods and services in group.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The term 'sleeping partner' belongs to
Companies
Sole trader
Partnership
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
One advantage of partnerships
Flexibility
They often have more efficient production.
Close ties to costumers
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
One disadvantage of partnerships
Flexibility
Lack of continuity
Profits have to be shared.
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