Quiz: Sole Traders - Features, Pros and Cons
AQA GCSE Business 8132
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Building on what you've learned about types of businesses, let's test your knowledge of sole traders: their features, advantages, and disadvantages!
What is 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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A sole trader has {{blank0}} liability, meaning the owner is personally responsible for {{blank1}}.
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Which of these is a disadvantage of being a sole trader?
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Why might someone choose to become a sole trader? (Select all that apply)
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A sole trader earns £5,000 in revenue and has £2,000 in costs. What is their profit?
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Which of these is true about sole traders?
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