1) A document detailing the rules and stipulations of the business is called.. a) contract b) partnership disagreement c) partnership agreement d) partnership contract 2) A business owned by one person is called a a) single trader b) sole trader c) solo trader d) sole owner 3) a partnership can have 2+ partners a) true b) false 4) which of these is not a source of finance for partnerships a) bank loan b) bank overdraft c) share investment d) personal savings 5) Sole traders are the only business that would provide a good or service a) true b) false 6) Partners can be forced to sell their personal posessions a) true b) false 7) Sole traders always work alone with no other staff a) true b) false 8) partners must always share everything equally a) true b) false 9) Partnerships need to be 2-20 people with very different skills a) true b) false 10) It can be hard to take holidays if you are a a) boss b) sole trader c) owner d) partner

Sole trader & Partnership

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