One of the Advantages of Running a Business as a Sole

question 28

Multiple Choice

One of the advantages of running a business as a sole trader (ST) is that:

• A)the ST usually is not required to register a business name.
• B)the business is usually easier and cheaper to set up than other business structures.
• C)the ST usually has greater access to funds than a partnership.
• D)the business can keep operating after the death of the ST.

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Definitions:

Abnormality

A deviation from the common rule, type, or form, often referring to something that is out of the ordinary or considered not normal in the medical or psychological context.

Repressed Conflict

Psychological struggles or issues that are unconsciously blocked from immediate consciousness but can influence behavior and emotions.

DSM-IV-TR

The fourth edition, Text Revision of the Diagnostic and Statistical Manual of Mental Disorders, a guideline for diagnosing mental disorders.

Axis IV

Axis IV is a categorization within the DSM-IV (Diagnostic and Statistical Manual of Mental Disorders, Fourth Edition) that reports psychosocial and environmental problems contributing to a person's mental disorder.