Post Utme Covenant University 2021 Commerce Question 31

Practice objective / multiple choice question 31 from the 2021 Post Utme Covenant University Commerce examination.

Post Utme Covenant University 2021 Commerce Objective / Multiple Choice
Question 31 POST_UTME_COVENANT_UNIVERSITY • 2021 • COMMERCE • objective

A sole trader's business is considered a separate legal entity from its owner. Which of the following best describes the legal status of a sole trader?

Answer Options

Correct Answer A. Unincorporated business
B. Incorporated business
C. Partnership
D. Limited liability company
Correct Answer
A
Correct Option:
Unincorporated business

About This Question

This is Post Utme Covenant University 2021 Commerce Question 31. It is one of the objective questions from the 2021 Post Utme Covenant University Commerce examination.

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