Post Utme Achievers University 2017 Commerce Question 32

Practice objective / multiple choice question 32 from the 2017 Post Utme Achievers University Commerce examination.

Post Utme Achievers University 2017 Commerce Objective / Multiple Choice
Question 32 POST_UTME_ACHIEVERS_UNIVERSITY • 2017 • COMMERCE • objective

A sole trader is a type of business organization that is owned and operated by one person. What are the advantages of a sole trader?

Answer Options

Correct Answer A. Easy to set up and operate, low start-up costs, and high flexibility
B. High risk, low profit margins, and limited access to capital
C. High level of control, low level of responsibility, and limited liability
D. High level of responsibility, low level of control, and unlimited liability
Correct Answer
A
Correct Option:
Easy to set up and operate, low start-up costs, and high flexibility

About This Question

This is Post Utme Achievers University 2017 Commerce Question 32. It is one of the objective questions from the 2017 Post Utme Achievers University Commerce examination.

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