Question 8
POST_UTME_BOWEN_UNIVERSITY
•
2018
•
COMMERCE
•
objective
A sole trader is considering expanding its business by hiring employees. What are the key advantages and disadvantages of this decision?
Answer Options
Correct Answer
A.
Advantages: increased productivity, reduced workload, and access to new skills. Disadvantages: increased costs, loss of control, and potential conflicts.
B.
Advantages: increased revenue, improved reputation, and access to new markets. Disadvantages: increased competition, reduced flexibility, and potential legal issues.
C.
Advantages: increased efficiency, improved quality, and access to new technologies. Disadvantages: increased costs, reduced autonomy, and potential environmental impacts.
D.
Advantages: increased customer satisfaction, improved brand image, and access to new customers. Disadvantages: increased costs, reduced flexibility, and potential legal issues.
Correct Answer
A
Correct Option:
Advantages: increased productivity, reduced workload, and access to new skills. Disadvantages: increased costs, loss of control, and potential conflicts.
About This Question
This is
Post Utme Bowen University
2018
Commerce
Question 8.
It is one of the
objective
questions from the
2018
Post Utme Bowen University
Commerce
examination.