Sole Trader!
Sole Trader Quiz
Test your knowledge about Sole Trader Enterprises with this engaging quiz! Discover important concepts and facts related to owning a sole trader business.
- 5 Multiple Choice Questions
- Learn about profits, legal entities, and more!
- Find out if you truly understand the sole trader model!
Sole Trader Enterprises can continue to exist after the death of their owners.
True
False
A sole trader does not have to share his profits.
True
False
Raj decides to open an ice cream store. He realises that he does not have enough capital to invest in the business, so he decides to involve his friend Raju and asks him to be his partner. Is this an example of a sole trader?
Yes
No
Sole traders and their owners have no separate legal entity
True
False
A sole trader can easily raise working capital for investment on his own.
True
False
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