Which of the Following Statements About a Sole Trader Is

question 11

Multiple Choice

Which of the following statements about a sole trader is true?

• A)A sole trader with employees must change to a different business structure.
• B)Every sole trader must register their business name.
• C)There are no special requirements to start operating a business if the sole trader uses their own name.
• D)The sole trader must generally consult with customers,creditors and employees in deciding what the business will and will not do.

---

Definitions:

Nonlinear Optimization Models

Mathematical models where the objective function or any of the constraints are nonlinear, used to find the optimal solution under given nonlinear conditions.

Lagrange Multiplier

A strategy used in optimization problems to find the maximum or minimum of a function subject to constraints.

Projected Revenue

An estimate of the amount of money that a company expects to earn in a future period.

Platinum Suites

High-end accommodations or software packages superior to gold suites, offering the highest level of luxury or features.