Post Utme Coal City University 2017 Commerce Question 28

Practice objective / multiple choice question 28 from the 2017 Post Utme Coal City University Commerce examination.

Post Utme Coal City University 2017 Commerce Objective / Multiple Choice
Question 28 POST_UTME_COAL_CITY_UNIVERSITY • 2017 • COMMERCE • objective

A sole trader is a type of business ownership where one person owns and operates the business. Which of the following is a characteristic of a sole trader?

Answer Options

A. Limited liability
Correct Answer B. Unlimited liability
C. Partnership
D. Company
Correct Answer
B
Correct Option:
Unlimited liability

About This Question

This is Post Utme Coal City University 2017 Commerce Question 28. It is one of the objective questions from the 2017 Post Utme Coal City University Commerce examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support