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 explore the features, advantages, and disadvantages of sole traders.
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 for the debts of their business, meaning they are responsible for paying back debts from their {{blank1}} assets.
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Match the items on the left with their correct pairs on the right
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What is a disadvantage of being a sole trader?
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A sole trader sells goods worth £500, and their total costs amount to £300. What is the profit?
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Which of the following are disadvantages of being a sole trader? (Select all that apply)
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Why is it easier to set up a sole trader than other forms of business?
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Match the items on the left with their correct pairs on the right
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