The Sole Trader Form of Business Organisation

question 5

Multiple Choice

The sole trader form of business organisation:

• A)is classified as a separate legal entity.
• B)combines the records of the business with the personal records of the owner.
• C)must apply for an Australian Business Number.
• D)must have at least two owners.

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Definitions:

Covalent Bond

Chemical bond characterized by the sharing of electrons.

Amino Acid

The building blocks of proteins, organic compounds that play many critical roles in body functioning.

Fat-Soluble Vitamin

Vitamins, including A, D, E, and K, that can be stored in the body's fatty tissue and liver, essential for various bodily functions.

Vitamin D

A fat-soluble vitamin that helps regulate calcium and phosphorus levels in the body, crucial for healthy bones and teeth.