Elance Exams Answers PDF file

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Download PDF file of elance Zoho Creator Exam Answers

Which of the following statements correctly summarizes the key characteristics of a sole trader’s business?

None of these
All of these
The trader has unlimited liability, takes sole responsibility for management of the business and no audit is needed.
The trader has unlimited liability and must have the business accounts audited.
Liability is limited to the providers of loan finance and only the trader takes an active part in managing the business.
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