Which type of business has only one owner?
sole trader
1st - 3rd Grade
•5 Qs
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sole trader
Quiz
•
Business
•
1st - 3rd Grade
•
Medium
Parameswary Muthiah
Used 2+ times
FREE Resource
5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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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