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Card 1 of 25

What can happen to a sole trader's personal possessions if the business cannot pay its debts?

A

The sole trader keeps all possessions because personal assets are always protected.

B

Only the business’s equipment can be sold to pay business debts.

C

Personal possessions such as savings, a car or a home can be sold to pay business debts.

D

The government automatically pays the business debts from public funds.

Card 1 of 25

1.4 Making the business effective Flashcards

  1. GCSE
  2. /Business
  3. /1.4 Making the business effective

25 flashcards on Edexcel GCSE Business 1.4 Making the business effective: the key terms, formulae and case studies you need to recall for Paper 1 and Paper 2.

Flashcards