Post Utme Covenant University 2018 Commerce Question 7

Practice objective / multiple choice question 7 from the 2018 Post Utme Covenant University Commerce examination.

Post Utme Covenant University 2018 Commerce Objective / Multiple Choice
Question 7 POST_UTME_COVENANT_UNIVERSITY • 2018 • COMMERCE • objective

A sole trader's business is registered under the sole trader's name. What is the primary advantage of this type of business registration?

Answer Options

Correct Answer A. Easy to set up and maintain
B. Limited liability protection
C. Flexibility in decision-making
D. No need for formal accounting records
Correct Answer
A
Correct Option:
Easy to set up and maintain

About This Question

This is Post Utme Covenant University 2018 Commerce Question 7. It is one of the objective questions from the 2018 Post Utme Covenant University Commerce examination.

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