Economics · Business Studies
Which of the following statements about sole traders is TRUE?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Sole traders can vote themselves a dividend as a form of payment.
- 2There is a clear legal distinction between the owner's personal assets and the business assets.
- 3The business can be sold as a going concern by its owner.✓
- 4Sole traders are legally prohibited from employing anyone else to do work.
Correct answer
The business can be sold as a going concern by its owner.
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