A sole trader has how many owners?
N5 - Sole Trader

Quiz
•
Business
•
8th Grade
•
Easy

Bianca Mourik
Used 5+ times
FREE Resource
6 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
2-4
1
4-10
10+
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
There is three sectors of economy; a sole trader sits in?
Private sector
Public sector
Third sector
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A sole trader has to share their profit
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does unlimited liability mean?
The owner is responsibility for paying everything back in full when there's debt - even if that means having personal possessions taken
They have unlimited money available
The individual owner only has to pay part of the debt - what they can afford
5.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Owners get to make all their own
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A sole trader, most of the time, has to do very little work
True
False
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