Post Utme Elizade University 2025 Commerce Question 36

Practice objective / multiple choice question 36 from the 2025 Post Utme Elizade University Commerce examination.

Post Utme Elizade University 2025 Commerce Objective / Multiple Choice

Question 36 POST_UTME_ELIZADE_UNIVERSITY • 2025 • COMMERCE • objective

A sole trader's business is registered under the Companies and Allied Matters Act (CAMA) 2020. Which of the following is a characteristic of a sole trader's business?

Answer Options

Correct Answer A. The business is owned by one person.

B. The business is owned by two or more people.

C. The business is owned by the government.

D. The business is owned by a group of investors.

Correct Answer

Correct Option:

The business is owned by one person.

About This Question

This is Post Utme Elizade University 2025 Commerce Question 36. It is one of the objective questions from the 2025 Post Utme Elizade University Commerce examination.

View More Post Utme Elizade University 2025 Commerce Questions More Post Utme Elizade University Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows

Chat with Support