Sole Traders

Sole Traders

Assessment

Assessment

Created by

Kamilah Mohd

Other

University

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10 questions

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1.

Multiple Choice

1 min

1 pt

How many people own a sole trader business?

3

2

1

20

2.

Multiple Choice

1 min

1 pt

A sole trader is

a business with one employee

a business selling one product

a business with one owner

a business with one shop/office

3.

Multiple Choice

1 min

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

4.

Multiple Choice

1 min

1 pt

A sole trader has responsibility for

preparing the accounts of the business

all aspects of their business

selling the products

completing spreadsheets

5.

Multiple Choice

1 min

1 pt

A sole proprietor has to share the profits made by the business. True or False?

True

False

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