Sole Trader Challenge

Froggy Jumps

Jugadas 22

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Test your knowledge on the sole trader business model!

Creada por

ARGUELLO REYES DENISSE ROSARIO

Ecuador

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Froggy Jumps Sole Trader ChallengeVersión en línea Test your knowledge on the sole trader business model! por ARGUELLO REYES DENISSE ROSARIO 1 What is a sole trader? a An individual running a business on their own. b A partnership of multiple owners. c A type of public limited company. 2 What is one key advantage of being a sole trader? a You keep all the profits from the business. b You have a team to share decisions with. c You have guaranteed financial support. 3 What is a major challenge for sole traders? a They have unlimited liability for business debts. b They have a guaranteed customer base. c They receive a regular salary. 4 What must sole traders do at the end of the financial year? a Register their business with a local authority. b Submit a business plan to the government. c Declare their profits to the government tax office. 5 What is a common difficulty faced by sole traders? a Raising finance to set up and expand the business. b Receiving too much customer feedback. c Having too many employees to manage. 6 What is required for success as a sole trader? a A high level of self-discipline and motivation. b A large team of employees. c A formal business degree. 7 Why might a sole trader feel lonely? a They make all decisions alone without support. b They work in a large office environment. c They have too many customers to manage. 8 What is a benefit of being your own boss? a You have guaranteed job security. b You can make decisions quickly without needing permission. c You can take unlimited vacations. 9 What type of work is often done by sole traders? a Corporate finance and investment banking. b Software development and IT consulting. c Plumbing, decorating, and hairdressing. 10 What can happen if a sole trader's business fails? a They can transfer debts to their employees. b They receive a government bailout. c They can lose their personal possessions.

Froggy Jumps

Sole Trader ChallengeVersión en línea

Test your knowledge on the sole trader business model!

por ARGUELLO REYES DENISSE ROSARIO

What is a sole trader?

An individual running a business on their own.

A partnership of multiple owners.

A type of public limited company.

What is one key advantage of being a sole trader?

You keep all the profits from the business.

You have a team to share decisions with.

You have guaranteed financial support.

What is a major challenge for sole traders?

They have unlimited liability for business debts.

They have a guaranteed customer base.

They receive a regular salary.

What must sole traders do at the end of the financial year?

Submit a business plan to the government.

Declare their profits to the government tax office.

What is a common difficulty faced by sole traders?

Raising finance to set up and expand the business.

Receiving too much customer feedback.

Having too many employees to manage.

What is required for success as a sole trader?

A high level of self-discipline and motivation.

A large team of employees.

A formal business degree.

Why might a sole trader feel lonely?

They make all decisions alone without support.

They work in a large office environment.

They have too many customers to manage.

What is a benefit of being your own boss?

You have guaranteed job security.

You can make decisions quickly without needing permission.

You can take unlimited vacations.

What type of work is often done by sole traders?

Corporate finance and investment banking.

Software development and IT consulting.

Plumbing, decorating, and hairdressing.

What can happen if a sole trader's business fails?

They can transfer debts to their employees.

They receive a government bailout.

They can lose their personal possessions.

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Sole Trader Challenge

Froggy Jumps

Sobre esta actividad

Creada por

Descarga la versión para jugar en papel

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Sole Trader ChallengeVersión en línea

por ARGUELLO REYES DENISSE ROSARIO

What is a sole trader?

What is one key advantage of being a sole trader?

What is a major challenge for sole traders?

What must sole traders do at the end of the financial year?

What is a common difficulty faced by sole traders?

What is required for success as a sole trader?

Why might a sole trader feel lonely?

What is a benefit of being your own boss?

What type of work is often done by sole traders?

What can happen if a sole trader's business fails?

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