Quiz: Sole Traders - Key Features, Pros and Cons
iGCSE Business Studies [Edexcel]
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Building on what you've learned about business objectives, let's test your knowledge of sole traders, their key features, and their advantages and disadvantages!
What is the simplest legal structure for setting up a business?
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A sole trader has {{blank0}} liability, meaning they are personally responsible for debts.
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Which of the following are advantages of being a sole trader? (Select all that apply)
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Match the items on the left with their correct pairs on the right
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Which of these is a disadvantage of being a sole trader?
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Match the items on the left with their correct pairs on the right
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One of the main reasons people choose to become sole traders is {{blank0}}, as they like being their own boss.
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Match the items on the left with their correct pairs on the right
What happens if a sole trader’s business cannot pay its debts?
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