A Sole Trader Form of Business Organisation

question 63

Multiple Choice

A sole trader form of business organisation:

• A) consists of one individual who controls and manages the business.
• B) must have at least two owners.
• C) combines the records of the business with the personal records of the owner.
• D) is classified as a separate legal entity.

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Definitions:

Fulltime Position

Employment status where an individual works a standard number of hours defined by the employer, typically 35-40 hours per week.

Free Parking

A situation or location where vehicles can be parked without payment of a fee.

Collective Agreement

A written contract between an employer and a union representing the employees, outlining terms of employment, salaries, and working conditions.

Notice to Bargain

A formal notification by one party to another indicating the intention to discuss and negotiate terms, typically in employment or union contexts.