Recent Lessons

Show all results for ""

Feature Overview

Ace your exams with our all-in-one platform for creating and sharing quizzes and tests.

Quizzes

Create quizzes and tests automatically from your content using AI.

Flashcards

Automatically turn your notes into digital flashcards.

Share, Export & Embed

Share with classmates or export to Excel and your learning management system.

Stats & Reporting

Auto-grading quizzes and tests with detailed stats and reports.

Mobile Apps

The smarter way to study – wherever you are.

Pricing

Search...

3 Questions

2 Views

The Pros and Cons of Sole Traders

Choose a study mode

Play Quiz

Study Flashcards

Spaced Repetition

Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

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?

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?

Hiring employees (correct)

Fewer gov't. regulations

Pride of ownership

Flexibility

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.

Description

Test your knowledge on the advantages and disadvantages of sole traders, a type of business owned by one person. This quiz will cover topics such as ease of formation, tax advantages, control of decisions, unlimited liability, limited capital, and more. Find out how well you understand the pros and cons of operating as a sole trader.