Post Utme Babcock University 2018 Commerce Question 34

Practice objective / multiple choice question 34 from the 2018 Post Utme Babcock University Commerce examination.

Post Utme Babcock University 2018 Commerce Objective / Multiple Choice
Question 34 POST_UTME_BABCOCK_UNIVERSITY • 2018 • COMMERCE • objective

A sole trader's business is considered a separate legal entity from its owner. However, the owner is personally liable for the business's debts and obligations. What is the name of 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 Babcock University 2018 Commerce Question 34. It is one of the objective questions from the 2018 Post Utme Babcock University Commerce examination.

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