Post Utme Esut 2024 Commerce Question 24

Practice objective / multiple choice question 24 from the 2024 Post Utme Esut Commerce examination.

Post Utme Esut 2024 Commerce Objective / Multiple Choice
Question 24 POST_UTME_ESUT • 2024 • COMMERCE • objective

A sole trader is responsible for all the profits and losses of the business. Which of the following is a characteristic of a sole trader?

Answer Options

A. Limited liability
Correct Answer B. Unlimited liability
C. Separate legal entity
D. No partnership
Correct Answer
B
Correct Option:
Unlimited liability

About This Question

This is Post Utme Esut 2024 Commerce Question 24. It is one of the objective questions from the 2024 Post Utme Esut Commerce examination.

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