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A sole trader can keep business information secret partly because the law does not require him to:
AOpen a bank account
BRegister the business
CPublish the firm's accounts
DEmploy any staff at all
Answer & Solution
Correct answer: C. Publish the firm's accounts
1. Sole decision making keeps matters private.
2. There is no duty to publish accounts.
3. So confidentiality is maintained.
_Source: NCERT Class 11 Business Studies, Chapter 2, Forms of Business Organisation._
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