Made-for-Wales GCSE Business Practice Questions - WJEC Made-for-Wales GCSE Business (Qualifications Wales Regulated) Exam

What does unlimited liability mean for a sole trader?

The owner can only lose the money invested in company shares The owner’s personal assets can be used to pay business debts The business cannot make a loss in any year Customers must pay all debts before goods are delivered

Correct Answer:

The owner’s personal assets can be used to pay business debts

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