Which of the Following Statements About a Sole Trader Is

question 44

Multiple Choice

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

• A)Most small businesses fail within the first five years of their establishment.
• B)The death of the sole trader usually means the death of the business.
• C)The degree of personal involvement by the sole trader can make the business difficult to sell.
• D)Sole traders have limited liability for the debts of the business.

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Definitions:

Phenomenal Field

The total personal perception of reality, including all experiences, influences, and perceptions that affect an individual's view of the world.

Anatta

A Buddhist concept meaning "not-self" or the absence of a permanent, unchanging soul.

Singular Self

The concept of having a unified, cohesive identity or sense of self that remains constant across different contexts and over time.

Independent

A state or condition of having autonomy and freedom from external control or support.