Post Utme Babcock University 2023 Commerce Question 26

Practice objective / multiple choice question 26 from the 2023 Post Utme Babcock University Commerce examination.

Post Utme Babcock University 2023 Commerce Objective / Multiple Choice
Question 26 POST_UTME_BABCOCK_UNIVERSITY • 2023 • COMMERCE • objective

In a sole trade business, the owner's personal assets are not protected from business liabilities. What is the primary reason for this?

Answer Options

A. Lack of separate business bank account
B. Insufficient business insurance
Correct Answer C. No distinction between personal and business assets
D. Inadequate accounting records
Correct Answer
C
Correct Option:
No distinction between personal and business assets

About This Question

This is Post Utme Babcock University 2023 Commerce Question 26. It is one of the objective questions from the 2023 Post Utme Babcock University Commerce examination.

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