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skelet666 [1.2K]
2 years ago
10

WHAT ARE TWO BENEFITS AND DRAWBACKS OF BEING A SOLE TRADER?

Business
2 answers:
pentagon [3]2 years ago
6 0
It's easy to change your legal structure later if circumstances change you can easily wind up your business

And

establishing and operating your business is simple.
Vinil7 [7]2 years ago
5 0

Answer:

you are the boss you keep all the profits startup costs are low

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Which of the following is a disadvantage to choosing a sole proprietorship business structure?
aliya0001 [1]

Which of the following is a disadvantage to choosing a sole proprietorship business structure? The owner has personal responsibility for the company's liabilities.

A sole proprietorship is the simplest business form that can be operated. A sole proprietorship is owned by one individual and they are responsible for all of the debts the company has. The business is ran by one person and there is no distinction between the person and the business, both fall under the same number (social security number) when filing taxes.

4 0
3 years ago
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Keith works in the marketing department of an airline service company. He was asked to identify any current or future changes in
Setler79 [48]

Answer:

The market structure that Keith's company uses is monopolistic competition.

Explanation:

In monopolistic competition, there are many firms in the market, the price is mostly determined by market forces, and as a result, the companies try to sell products that are different in some way.

In this case, Keith's company competitors are trying to use a pricing strategy to increase their market share. They are trying to compensate loss of revenue from the lower prices, with a higher sales volume.

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3 years ago
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For for computation of pre-incorporation profit salary to vendor
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Interest on purchase consideration, the salary of partners, and interest on vendor capital are to be charged during the pre-incorporation period.

8 0
2 years ago
Establishing general ledger accounts opening balances will always be zero true or false
Inessa [10]

True, When establishing general ledger accounts opening balances will always be zero. A ledger is a full record of all transactions over the lifetime of a company. When the company is first starting out, there is a zero balance because transactions have not been put on the ledger yet. The longer the company is in business, the more transactions there will be on the ledger.

6 0
3 years ago
How can the use of new technology in industry benefit the US government?
DiKsa [7]

Answer:

All the statements are correct.

Explanation:

A and D are correct because better transportation technology means that the government can import (purchase materials) and export (transport goods) around the world with relative ease.

B is correct because automation means that machines can replace some humans in the labor force, and machines do not have to be paid a wage.

C is correct because if the government has advanced technology at its disposal, it can be at the forefront of tecnnological changes.

4 0
3 years ago
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