Which of the following statements about a sole trader is NOT true?
A)A sole trader may have difficulty in raising business capital.
B)The sole trader must generally consult with customers,creditors and employees in deciding what the business will and will not do.
C)Anyone with contractual capacity can be a sole trader.
D)The liability of a sole trader is unlimited and personal.

Question

Quizplus · Accepted Answer

As a sole trader, the individual has complete control over decision-making regarding the business, without the need to consult with customers, creditors, or employees. However, this may also mean that they bear the entire risk and responsibility of the business's success or failure.

Which of the Following Statements About a Sole Trader Is