Post Utme Al Hikmah University 2024 Commerce Question 1

Practice objective / multiple choice question 1 from the 2024 Post Utme Al Hikmah University Commerce examination.

Post Utme Al Hikmah University 2024 Commerce Objective / Multiple Choice
Question 1 POST_UTME_AL-HIKMAH_UNIVERSITY • 2024 • COMMERCE • objective

A sole trader's business is considered a separate legal entity from its owner. What is the primary advantage of this separation?

Answer Options

A. Limited liability
B. Separate taxation
C. Easy transfer of ownership
Correct Answer D. No requirement for formalities
Correct Answer
D
Correct Option:
No requirement for formalities

About This Question

This is Post Utme Al Hikmah University 2024 Commerce Question 1. It is one of the objective questions from the 2024 Post Utme Al Hikmah University Commerce examination.

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