Post Utme Coal City University 2023 Commerce Question 23

Practice objective / multiple choice question 23 from the 2023 Post Utme Coal City University Commerce examination.

Post Utme Coal City University 2023 Commerce Objective / Multiple Choice
Question 23 POST_UTME_COAL_CITY_UNIVERSITY • 2023 • COMMERCE • objective

A company is considering exporting its products to a foreign market. What is the main advantage of using a sole trader as a business unit?

Answer Options

A. A sole trader has unlimited liability, which can provide a sense of security for the business.
B. A sole trader has limited liability, which can provide a sense of security for the business.
Correct Answer C. A sole trader has more flexibility in decision-making, which can be beneficial for a small business.
D. A sole trader has less flexibility in decision-making, which can be detrimental to a small business.
Correct Answer
C
Correct Option:
A sole trader has more flexibility in decision-making, which can be beneficial for a small business.

About This Question

This is Post Utme Coal City University 2023 Commerce Question 23. It is one of the objective questions from the 2023 Post Utme Coal City University Commerce examination.

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