Post Utme Caleb University 2023 Commerce Question 21

Practice objective / multiple choice question 21 from the 2023 Post Utme Caleb University Commerce examination.

Post Utme Caleb University 2023 Commerce Objective / Multiple Choice
Question 21 POST_UTME_CALEB_UNIVERSITY • 2023 • COMMERCE • objective

A sole trader's business is considered a separate legal entity from its owner. However, the owner's personal assets are not protected in case of business liabilities. What is the name of this business structure?

Answer Options

Correct Answer A. Sole Trader
B. Partnership
C. Limited Liability Company
D. Cooperative
Correct Answer
A
Correct Option:
Sole Trader

About This Question

This is Post Utme Caleb University 2023 Commerce Question 21. It is one of the objective questions from the 2023 Post Utme Caleb University Commerce examination.

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