Business Studies Multiple Choice Question – 19 July 2017

A Sole Trader is?

Select ONE answer:

  1. Is owned by shareholders
  2. Has limited liability
  3. Has unlimited liability
  4. Has “Ltd” after its name
  5. Is only legal for 5 years

Explain ONE reason why people set up in business as a sole trader:
……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This is multiple choice question is suitable for Business Studies KS5 classes.

The answer is 3 – A sole trader has unlimited liability

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