Stephen decides his business will begin staying open until 7 p.m.instead of 6 p.m.The next day, the shop stays open until 7 p.m.This environment of flexibility to quickly change is characteristic of what form of business organisation?
A) Corporation
B) Partnership
C) S-corporation
D) Flexible partnership
E) Sole trader

Question

Quizplus · Accepted Answer

The flexibility to quickly change the business operations is a characteristic of a sole trader, as the owner has complete control over the business decisions and can implement changes without consulting anyone else. In other forms of business organizations such as corporations or partnerships, major decisions require the approval of the board of directors or partners, which may take time and involve a complicated decision-making process.

Stephen Decides His Business Will Begin Staying Open Until 7