Which of the Following Is an Advantage of a Sole

question 105

Multiple Choice

Which of the following is an advantage of a sole trader?

• A) The owner has unlimited liability.
• B) The business ceases to exist when the owner dies.
• C) There is a limit to the amount one person can borrow.
• D) Profits are taxed as individual income.
• E) The owner enjoys lack of continuity.

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Definitions:

Cataplexy

A sudden and uncontrollable muscle weakness or paralysis often triggered by strong emotions such as laughter.

Korsakoff's Syndrome

A chronic memory disorder caused by severe deficiency of thiamine (vitamin B1), most commonly associated with long-term alcoholism.

Sense Of Smell

The ability to perceive and distinguish different odors, an important sense that contributes to taste and environmental awareness.

Size Constancy

A perceptual process allowing individuals to perceive the size of an object as constant, despite changes in the distance or angle from which it is viewed.