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15
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What does 'sole trader' mean?
A person who works alone in an office
A person who sells shoes
A person who runs a business by themselves
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15
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What does 'register' a business mean?
To advertise your business
To officially record your business with the government
To write down your business ideas
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15
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The ______ of a business are the profits it makes after all expenses have been paid.
earnings
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thief
Give points!
5
10
15
20
25
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star
Double points!
Okay!
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gift
Win 20 points!
Okay!
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banana
Go to last place!
Oops!
15
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In a partnership business structure what do the owners share?
Profits and responsibilities
Only the profits
Only the work
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15
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What does 'employ' mean?
To hire someone to work for you
To start a business
To use equipment
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15
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What does 'straightforward' mean?
Simple and easy to understand
Honest and direct
Moving in a straight line
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banana
Go to last place!
Oops!
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star
Double points!
Okay!
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shark
Other team loses 20 points!
Okay!
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baam
Lose 25 points!
Oops!
15
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What are 'personal possessions'?
Things you borrow from others
Things the company owns
Things you own like your house and car
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15
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__________ is a tax imposed on the profits of a corporation.
Corporate tax
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15
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What is 'corporation tax'?
Tax on buying products
Tax paid by limited companies on their profits
Tax paid by individuals
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monster
Reset all scores!
Oops!
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seesaw
Swap points!
Okay!
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gift
Win 25 points!
Okay!
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baam
Lose 10 points!
Oops!
15
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What does 'pay debts' mean?
To give money that you owe to others
To receive money from customers
To count your money
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15
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What does 'structure' mean in business?
The building where business operates
The products a business sells
How a business is organized and set up
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15
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Companies need to __________ to avoid bankruptcy.
pay debts
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15
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Which tax do sole traders typically pay?
Income tax
Corporation tax
Business tax
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