14 Example 5(b) â Solution Because g (x) = log 2 x x is the inverse function of f (x) = 2, the graph of g is obtained by plotting the points (f (x), x) and connecting them with a smooth curve. The graph of g is a reflection of the graph of f in the line y = x, as shown in Figure 3.14. contâd Figure 3.14.
Legal liability and protection of personal assets are two areas where operating as a sole trader is a major disadvantage. In the event of a legal claim against the business, where insurance does not cover the full extent of any damages awarded, the owner's personal assets can be attacked to pay the damages.hen the business is being started part-time, while the owner continues in full-time employment, operating as a sole trader allows the owner to reduce tax payable on the employment income if losses are made. This tax reduction is subject to the business satisfying non-commercial business loss provisions.
Advantages and Disadvantages of Business Organization Types. It is important to understand the different types of business organizations types such as a sole proprietorship, partnership, and corporation. A businessâs organizational structure influences issues, legal issues, financial concerns, and personal concerns. A Sole Proprietorship is a business with one owner who operates the business on his or her own or employ employees. It is the simplest and the most numerous form of business organization in the United States, however it is dangerous as the sole proprietor has total and unlimited liability. Self contractor is one example of a sole proprietorship. Advantages of a sole proprietorship. Simplest and least expensive form of business to establish and to dissolve.