Post Utme Eksu 2019 Commerce Question 11

Practice objective / multiple choice question 11 from the 2019 Post Utme Eksu Commerce examination.

Post Utme Eksu 2019 Commerce Objective / Multiple Choice

Question 11 POST_UTME_EKSU • 2019 • COMMERCE • objective

A sole trader's business is considered a separate legal entity from its owner. What is the implication of this separation?

A. The sole trader's personal assets are protected from business liabilities.

Correct Answer B. The sole trader's business is subject to unlimited personal liability.

C. The sole trader's business is exempt from taxation.

D. The sole trader's business is not required to file annual accounts.

Correct Answer

Correct Option:

The sole trader's business is subject to unlimited personal liability.

This is Post Utme Eksu 2019 Commerce Question 11. It is one of the objective questions from the 2019 Post Utme Eksu Commerce examination.

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