Podcast
Play an AI-generated podcast conversation about this lesson
Download our mobile app to listen on the go
Get App
Questions and Answers
Which advantage of being a sole trader is NOT mentioned in the text?
Which advantage of being a sole trader is NOT mentioned in the text?
- Control of decisions
- Ease of formation
- Retention of profits
- Tax advantages (correct)
Which disadvantage of being a sole trader is NOT mentioned in the text?
Which disadvantage of being a sole trader is NOT mentioned in the text?
- Limited capital
- Limited operating/management skills (correct)
- Unlimited liability
- Unstable business life/lack of continuity
Which of the following is NOT an advantage of being a sole trader according to the text?
Which of the following is NOT an advantage of being a sole trader according to the text?
- Hiring employees (correct)
- Fewer gov't. regulations
- Pride of ownership
- Flexibility
Flashcards are hidden until you start studying
Study Notes
Sole Trader
- No text provided, therefore no notes can be generated.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
