Post Utme Covenant University 2022 Commerce Question 36

Practice objective / multiple choice question 36 from the 2022 Post Utme Covenant University Commerce examination.

Post Utme Covenant University 2022 Commerce Objective / Multiple Choice
Question 36 POST_UTME_COVENANT_UNIVERSITY • 2022 • COMMERCE • objective

In a sole trade business, the owner's personal assets are not protected from business liabilities. What is the primary reason for this lack of protection?

Answer Options

A. The owner's personal assets are not registered as business assets.
Correct Answer B. The business is not registered as a separate legal entity.
C. The owner has not obtained business insurance.
D. The owner has not filed tax returns.
Correct Answer
B
Correct Option:
The business is not registered as a separate legal entity.

About This Question

This is Post Utme Covenant University 2022 Commerce Question 36. It is one of the objective questions from the 2022 Post Utme Covenant University Commerce examination.

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