A person who owns controls, manages and has total responsibility for his/her business

• A. Sole Trader
• B. Co-operative
• C. Public Limited companies
• D. Partnership

Answer: (A)

The main idea here is ownership, control, and personal responsibility in a business. A sole trader is a business owned and run by a single person who makes all decisions and bears all the risk. There’s no legal separation between the owner and the business, so they have total control and are personally liable for debts and obligations. This perfectly fits the description of someone who owns, controls, manages, and has total responsibility for their business.

In contrast, a cooperative is owned and run by its members who share control and benefits; a public limited company has many shareholders and a separate management structure with limited liability; a partnership involves two or more owners sharing ownership and liability.