Which of the following is an advantage of a sole trader?
-
A.
Guaranteed profit -
B.
Quick decision-making -
C.
Unlimited liabilty -
D.
Buying on credit
Correct Answer: Option B
Explanation
Sole traders maintain full control of their business. Running it how they please without the interference of others. Decisions are made quicker and faster without having to go through the approval of the board