Post Utme Aaua 2022 Commerce Question 31

Practice objective / multiple choice question 31 from the 2022 Post Utme Aaua Commerce examination.

Post Utme Aaua 2022 Commerce Objective / Multiple Choice
Question 31 POST_UTME_AAUA • 2022 • COMMERCE • objective

In a sole proprietorship, the owner's personal assets are not protected from business liabilities. What is the term for this lack of separation?

Answer Options

A. Limited Liability
B. Separate Entity
Correct Answer C. Unlimited Liability
D. Business Entity
Correct Answer
C
Correct Option:
Unlimited Liability

About This Question

This is Post Utme Aaua 2022 Commerce Question 31. It is one of the objective questions from the 2022 Post Utme Aaua Commerce examination.

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