Email: bbcnoun@gmail.com Whatsapp: 08131667008 BUS205 Question: is an economic unit, entity or organization. Answer: Business firm Question: Which ONE of the following is a feature of a sole trader. Answer: All of the above Question: business is the oldest type of business in Nigeria. Answer: Sole trader Question: Which ONE of the following is an advantage of a sole trader. Answer: All of the above Question: studied on how to improve productivity of workers in Midvale Steel Company in Philadelphia. Answer: Fredrick Taylor Question: is the type of organization that you have direct authority over your respective subordinates through chain of command. Answer: [A] Line organization Question: Which ONE of the following is NOT a disadvantage of a sole trader. Answer: Requires small capital Question: Which ONE of the following did not lead to a rapid industrial revolution Answer: Advancement Question: invented the first mechanical calculator. Answer: Charles Babbage Question: can be defined as an organization in which the jobs or functions to be carried out are clearly defined in order to achieve the target. Answer: Administrative organization Question: Which ONE of the following is NOT a source of funds of a sole trader. Answer: Hijacking a bank Email: bbcnoun@gmail.com Whatsapp: 08131667008