Post Utme Bells University 2023 Commerce Question 39

Practice objective / multiple choice question 39 from the 2023 Post Utme Bells University Commerce examination.

Post Utme Bells University 2023 Commerce Objective / Multiple Choice
Question 39 POST_UTME_BELLS_UNIVERSITY • 2023 • COMMERCE • objective

A sole trader is a type of business organization that is owned and managed by one person. Which of the following is a characteristic of a sole trader?

Answer Options

A. Limited liability
Correct Answer B. Unlimited liability
C. Separation of ownership and management
D. No separation of ownership and management
Correct Answer
B
Correct Option:
Unlimited liability

About This Question

This is Post Utme Bells University 2023 Commerce Question 39. It is one of the objective questions from the 2023 Post Utme Bells University Commerce examination.

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