Post Utme Christopher University 2020 Commerce Question 11

Practice objective / multiple choice question 11 from the 2020 Post Utme Christopher University Commerce examination.

Post Utme Christopher University 2020 Commerce Objective / Multiple Choice
Question 11 POST_UTME_CHRISTOPHER_UNIVERSITY • 2020 • COMMERCE • objective

A sole trader's business is considered a separate legal entity from its owner. Discuss the implications of this statement.

Answer Options

Correct Answer A. It allows the business to enter into contracts independently.
B. It provides the owner with unlimited personal liability.
C. It enables the business to own assets separately from the owner.
D. It restricts the business from making decisions without the owner's consent.
Correct Answer
A
Correct Option:
It allows the business to enter into contracts independently.

About This Question

This is Post Utme Christopher University 2020 Commerce Question 11. It is one of the objective questions from the 2020 Post Utme Christopher University Commerce examination.

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