The Fact That the Sole Proprietor Has 100% Control of the Business

question 89

True/False

The fact that the sole proprietor has 100% control of the business is the key advantage of the Sole Proprietorship,beyond the simplicity of the commencement of the operation.

Comprehend the importance of bias-free language in fostering an inclusive and respectful workplace environment.

Identify gender-neutral and non-sexist communication practices.

Recognize the importance of accessibility and inclusivity measures for employees with disabilities.

Understand the role of positive psychology and goodwill in workplace communication.

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Definitions:

Caveat Emptor

A Latin phrase meaning "let the buyer beware," implying that the buyer assumes the risk about the quality and condition of the product being sold.

Standard Form Contract

A contract with fixed terms prepared by a business.

Consideration

Something of value given by both parties to a contract that induces them to enter into the agreement to exchange mutual performances.

Binding

Having the effect of a legal obligation that must be adhered to; able to enforce a legal obligation.