Business Studies Multiple Choice Question – 3 August 2018

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

Which ONE of the following is a benefit of operating as a sole trader?

Select ONE answer only:

  1. The business owner can benefit from limited liability
  2. The business has to repay all loans instantly
  3. The owner receives all the business’s revenues
  4. The owner is liable for all of the business’s debts
  5. The owner has to pay an accountant to do their taxes

Discuss the likely benefits to a business of changing from a sole trader to a private limited company.

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple choice question is suitable for Business Studies KS4 & KS3 classes

The answer is 4 – The others are not true or apply to limited liability companies.

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