Other questions in this quiz

2. What is limited liability?

  • If a business goes into debt or bankruptcy, they won't lose their personal belongings
  • If a business goes into debt or bankruptcy, they can lose their personal belongings

3. What is a disadvantage of a sole trader?

  • Unlimited liability
  • Limited liability
  • Have to register for companies house

4. What are the 4 p's that make up the marketing mix?

  • Product, Price, Place & Promotion
  • Promotion, Price, Predictions & Plan
  • Plan, Place, Product & Prevention

5. What is it called when suppliers allow payment for goods to be made after delivery?

  • Grant
  • Overdraft
  • Trade Credit
  • Bank Loan

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