Question

State Whether the Following Statement Is True Or False (Give Reason).

A sole trader can take prompt decisions and quick actions. 

Options

• True

• False

Answer 1

This statement is True.

1. In Sole trading concern all activities are owned, managed and controlled by a single man.
2. He need not consult anyone else for his decisions making.
3. He is the ultimate and final authority to make a decision.

4. Thus a sole trader can take prompt decisions and quick actions.