Which of the Following Statements About a Sole Trader Is

question 2

Multiple Choice

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

• A)All profits made by the business belong to the business and form part of the business' own income.
• B)Because there are no special statutory disclosure requirements,secrecy can be maintained by the sole trader.
• C)There are no special requirements to start operating a business if the sole trader uses their own name.
• D)The sole trader generally has complete control over what the business will and will not do.

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Definitions:

Populations

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Normal Distribution

Distribution based on a population of an infinite number of scores calculated from a mathematical formula.

Mathematical Formulas

Prescribed sets of mathematical relationships and operations used to solve problems or describe phenomena.

Researchers

Individuals who conduct systematic investigations to establish facts or principles or to collect information on a subject.