Which of the Following Statements About a Sole Trader Is

question 25

Multiple Choice

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

• A)Anyone capable of entering into a contract can operate a business as a sole trader.
• B)A sole trader may have difficulty in raising business capital.
• C)Sole traders have unlimited liability for the debts of the business.
• D)The business of a sole trader can sue and be sued in its own name.

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Definitions:

Trojan

A type of malicious software designed to appear legitimate but can take control of your computer.

Malicious Program

Software designed to harm or secretly access a computer system without the owner's informed consent.

Consulting Business

A service-based organization that provides expert advice in a particular area, such as management, technology, or finance, to other businesses or individuals.

Minnesota-Based

Referring to an entity, such as a business or organization, that is located or primarily operates in the state of Minnesota, USA.