Post Utme Aaua 2018 Commerce Question 15

Practice objective / multiple choice question 15 from the 2018 Post Utme Aaua Commerce examination.

Post Utme Aaua 2018 Commerce Objective / Multiple Choice
Question 15 POST_UTME_AAUA • 2018 • COMMERCE • objective

A sole trader's business is registered under the Companies and Allied Matters Act 2020. Which of the following is a characteristic of a sole trader?

Answer Options

A. Limited liability
Correct Answer B. Unlimited liability
C. Separate legal entity
D. No partnership
Correct Answer
B
Correct Option:
Unlimited liability

About This Question

This is Post Utme Aaua 2018 Commerce Question 15. It is one of the objective questions from the 2018 Post Utme Aaua Commerce examination.

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