Advantages of operating as a sole trader are:
A) total control by the owner over all decisions.
B) low start-up costs.
C) limited liability.
D) A and B

Question

Quizplus · Accepted Answer

Operating as a sole trader allows the owner to have total control over the business, making all the decisions themselves. Additionally, the start-up costs can be low since there are no partners to consider. However, being a sole trader does not offer limited liability, meaning the owner is personally liable for any debts or legal issues the business may face.

Advantages of Operating as a Sole Trader Are