Quiz

Quiz: Sole Traders - Features, Pros, and Cons

AQA GCSE Business 8132

11 Steps9 Questions

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Building on what you've learned about business types, let's test your knowledge of sole traders!

Multiple ChoiceInteractive

What is a sole trader?

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Multi-SelectInteractive

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 they are personally responsible for {{blank1}}.

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MatchingInteractive

Match the items on the left with their correct pairs on the right

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Math EquationInteractive

A sole trader earns £5,000 revenue and has £3,000 costs. What is their profit?

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Multiple ChoiceInteractive

Which of these is a disadvantage of being a sole trader?

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typedAnswer

Match the items on the left with their correct pairs on the right

Multi-SelectInteractive

Which of the following statements about sole traders are true? (Select all that apply)

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Fill in the BlankInteractive

Sole traders keep {{blank0}} of the profits but bear {{blank1}} for debts.

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Multiple ChoiceInteractive

Why is it easier to set up as a sole trader than a limited company?

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