Post Utme Coal City University 2019 Commerce Question 11

Practice objective / multiple choice question 11 from the 2019 Post Utme Coal City University Commerce examination.

Post Utme Coal City University 2019 Commerce Objective / Multiple Choice
Question 11 POST_UTME_COAL_CITY_UNIVERSITY • 2019 • COMMERCE • objective

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

Answer Options

A. To protect the owner's personal assets from business liabilities
B. To allow the business to operate independently of the owner's personal life
Correct Answer C. To enable the business to enter into contracts and agreements in its own name
D. To facilitate the transfer of ownership to another individual or entity
Correct Answer
C
Correct Option:
To enable the business to enter into contracts and agreements in its own name

About This Question

This is Post Utme Coal City University 2019 Commerce Question 11. It is one of the objective questions from the 2019 Post Utme Coal City University Commerce examination.

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