Post Utme Covenant University 2017 Commerce Question 3

Practice objective / multiple choice question 3 from the 2017 Post Utme Covenant University Commerce examination.

Post Utme Covenant University 2017 Commerce Objective / Multiple Choice
Question 3 POST_UTME_COVENANT_UNIVERSITY • 2017 • COMMERCE • objective

A sole trader is a type of business organization that is owned and operated by a single individual. What is the primary advantage of this type of business?

Answer Options

Correct Answer A. Increased flexibility due to single decision-maker
B. Reduced costs due to no need for formal management structure
C. Improved product quality due to focus on a single product
D. Enhanced customer satisfaction due to tailored products
Correct Answer
A
Correct Option:
Increased flexibility due to single decision-maker

About This Question

This is Post Utme Covenant University 2017 Commerce Question 3. It is one of the objective questions from the 2017 Post Utme Covenant University Commerce examination.

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