Post Utme Bsu 2023 Commerce Question 1

Practice objective / multiple choice question 1 from the 2023 Post Utme Bsu Commerce examination.

Post Utme Bsu 2023 Commerce Objective / Multiple Choice

Question 1 POST_UTME_BSU • 2023 • COMMERCE • objective

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

Correct Answer A. To protect the owner's personal assets from business liabilities

B. To allow the business to operate independently of its owner

C. To enable the business to enter into contracts in its own name

D. To facilitate the transfer of ownership

Correct Answer

Correct Option:

To protect the owner's personal assets from business liabilities

This is Post Utme Bsu 2023 Commerce Question 1. It is one of the objective questions from the 2023 Post Utme Bsu Commerce examination.

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