Post Utme Crawford University 2023 Commerce Question 7

Practice objective / multiple choice question 7 from the 2023 Post Utme Crawford University Commerce examination.

Post Utme Crawford University 2023 Commerce Objective / Multiple Choice
Question 7 POST_UTME_CRAWFORD_UNIVERSITY • 2023 • COMMERCE • objective

A sole trader's business is affected by the following factors: market demand, competition, and government regulations. Which of the following is a key characteristic of a sole trader's business?

Answer Options

A. Limited liability
Correct Answer B. Unlimited liability
C. Separate business entity
D. No business continuity
Correct Answer
B
Correct Option:
Unlimited liability

About This Question

This is Post Utme Crawford University 2023 Commerce Question 7. It is one of the objective questions from the 2023 Post Utme Crawford University Commerce examination.

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