Quiz: Sole Traders — Features and Suitability
WJEC Eduqas GCE A LEVEL in BUSINESS specification
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Building on what you've learned about the private and public sectors, let's test your knowledge of sole traders — their features and when they are suitable!
Which of the following is the key feature of a sole trader?
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Which of the following are advantages of being a sole trader? (Select all that apply)
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Sole traders have {{blank0}} liability, meaning they are personally responsible for all {{blank1}} of the business.
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Match the items on the left with their correct pairs on the right
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If a sole trader has £10,000 in revenue and £4,000 in costs, what is the profit?
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Why might a sole trader struggle to expand their business?
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Match the items on the left with their correct pairs on the right
The {{blank0}} is the easiest type of business to set up and is owned by {{blank1}} person.
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Which of the following are disadvantages of being a sole trader? (Select all that apply)
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In which type of industry are sole traders most commonly found?
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