Post Utme Covenant University 2017 Commerce Question 30

Practice objective / multiple choice question 30 from the 2017 Post Utme Covenant University Commerce examination.

Post Utme Covenant University 2017 Commerce Objective / Multiple Choice
Question 30 POST_UTME_COVENANT_UNIVERSITY • 2017 • COMMERCE • objective

A sole trader's business is considered a separate legal entity from its owner. However, the owner's personal assets are at risk in case of business debts. What is the name of this business structure?

Answer Options

Correct Answer A. Sole Trader
B. Partnership
C. Limited Liability Company
D. Cooperative
Correct Answer
A
Correct Option:
Sole Trader

About This Question

This is Post Utme Covenant University 2017 Commerce Question 30. It is one of the objective questions from the 2017 Post Utme Covenant University Commerce examination.

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