Post Utme Elizade University 2022 Commerce Question 11

Practice objective / multiple choice question 11 from the 2022 Post Utme Elizade University Commerce examination.

Post Utme Elizade University 2022 Commerce Objective / Multiple Choice
Question 11 POST_UTME_ELIZADE_UNIVERSITY • 2022 • COMMERCE • objective

A sole trader's business is considered a separate legal entity from its owner. However, the owner is personally liable for all business debts and obligations. What is the name of this type of business organization?

Answer Options

Correct Answer A. Sole Trader
B. Partnership
C. Limited Liability Company
D. Cooperative
Correct Answer
A
Correct Option:
Sole Trader

About This Question

This is Post Utme Elizade University 2022 Commerce Question 11. It is one of the objective questions from the 2022 Post Utme Elizade University Commerce examination.

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