Define a Sole Trader and Discuss Its Advantages and Disadvantages

question 36

Essay

Define a sole trader and discuss its advantages and disadvantages.

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Definitions:

Conscientiousness

A personality trait characterized by diligence, meticulousness, and a strong sense of duty.

Self-efficacy

An individual's belief in their own ability to succeed in specific situations or accomplish a task.

Social-cognitive Perspective

A psychological approach that emphasizes how we interpret, analyze, and remember information about ourselves and the world around us.

Conditioning

A learning process whereby an organism comes to associate two stimuli, leading to a change in behavior.