Post Utme Bowen University 2019 Commerce Question 31

Practice objective / multiple choice question 31 from the 2019 Post Utme Bowen University Commerce examination.

Post Utme Bowen University 2019 Commerce Objective / Multiple Choice
Question 31 POST_UTME_BOWEN_UNIVERSITY • 2019 • COMMERCE • objective

A sole trader's business is registered under the Companies and Allied Matters Act, 2020. Which of the following is a characteristic of a sole trader?

Answer Options

A. Unlimited liability
B. Limited liability
C. Separate legal entity
Correct Answer D. Single owner
Correct Answer
D
Correct Option:
Single owner

About This Question

This is Post Utme Bowen University 2019 Commerce Question 31. It is one of the objective questions from the 2019 Post Utme Bowen University Commerce examination.

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