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A person who runs a business on his own account is called a

A person who runs a business on his own account is called a
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Customer
  • B Sole trader
  • C Director
  • D Partner
Correct Answer: Option B
Explanation:
A sole trader is a person who owns and operates a business alone. The sole trader provides the capital, makes the business decisions, receives the profits, and bears the risks and losses of the business.

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