Post Utme Achievers University 2018 Commerce Question 29

Practice objective / multiple choice question 29 from the 2018 Post Utme Achievers University Commerce examination.

Post Utme Achievers University 2018 Commerce Objective / Multiple Choice
Question 29 POST_UTME_ACHIEVERS_UNIVERSITY • 2018 • COMMERCE • objective

A sole trader's business is considered a separate legal entity from its owner. However, the owner's personal assets are at risk in case of business debts. What is the term for this type of business?

Answer Options

Correct Answer A. Sole Proprietorship
B. Partnership
C. Limited Liability Company
D. Cooperative
Correct Answer
A
Correct Option:
Sole Proprietorship

About This Question

This is Post Utme Achievers University 2018 Commerce Question 29. It is one of the objective questions from the 2018 Post Utme Achievers University Commerce examination.

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