Post Utme Abu 2023 Commerce Question 11

Practice objective / multiple choice question 11 from the 2023 Post Utme Abu Commerce examination.

Post Utme Abu 2023 Commerce Objective / Multiple Choice
Question 11 POST_UTME_ABU • 2023 • COMMERCE • objective

A sole trader's business is registered under the Companies and Allied Matters Act (CAMA) 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 Abu 2023 Commerce Question 11. It is one of the objective questions from the 2023 Post Utme Abu Commerce examination.

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