Which of the Following Statements About a Sole Trader Is

question 29

Multiple Choice

Which of the following statements about a sole trader is NOT true?

• A)A sole trader may have difficulty in raising business capital.
• B)The sole trader must generally consult with customers,creditors and employees in deciding what the business will and will not do.
• C)Anyone with contractual capacity can be a sole trader.
• D)The liability of a sole trader is unlimited and personal.

Interpret financial ratios and dividend policies as they relate to shareholder value.

Understand how to insert and identify audio files within presentations.

Recognize and apply various artistic effects and color adjustments to images and objects in presentations.

Understand and utilize proper procedures for regrouping objects within presentations.

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Definitions:

Strategic Management Planning

The process of defining an organization's strategy, making decisions on allocating resources to pursue this strategy, and ensuring the alignment of company goals with strategic direction.

Environmental Scanning

Involves the process of collecting, analyzing, and using information about trends, events, and relationships in an organization's external environment to assist in planning.

Strategic Marketing Process

A systematic approach to planning, executing, and evaluating marketing strategies to achieve business goals.

Planning Phase

The initial stage in a project or strategy development where objectives are set, and resources are allocated.