Post Utme Al Hikmah University 2017 Commerce Question 16

Practice objective / multiple choice question 16 from the 2017 Post Utme Al Hikmah University Commerce examination.

Post Utme Al Hikmah University 2017 Commerce Objective / Multiple Choice
Question 16 POST_UTME_AL-HIKMAH_UNIVERSITY • 2017 • COMMERCE • objective

In a sole trade business, the owner's personal and business finances are not separate. Which of the following is a characteristic of a sole trade business?

Answer Options

A. Separate personal and business finances
B. No separate business name
Correct Answer C. Owner has unlimited liability
D. Owner has limited liability
Correct Answer
C
Correct Option:
Owner has unlimited liability

About This Question

This is Post Utme Al Hikmah University 2017 Commerce Question 16. It is one of the objective questions from the 2017 Post Utme Al Hikmah University Commerce examination.

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