Ownership Recap

Ownership Recap

8th Grade

9 Qs

quiz-placeholder

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Ownership Recap

Ownership Recap

Assessment

Quiz

Created by

E Smith

Business

8th Grade

4 plays

Medium

9 questions

Show all answers

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

8.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A bad thing about being in a partnership is . . .

Disagreements

Easier to raise funding

9.

MULTIPLE SELECT QUESTION

1 min • 1 pt

An example of a partnership is...

Accountant

Dentist

Solicitor

All of the above

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