Post Utme Futa 2020 Commerce Question 30

Practice objective / multiple choice question 30 from the 2020 Post Utme Futa Commerce examination.

Post Utme Futa 2020 Commerce Objective / Multiple Choice

Question 30 POST_UTME_FUTA • 2020 • COMMERCE • objective

The concept of introduction to commerce is closely related to the idea of business organization. Which of the following is a correct example of a business organization?

Correct Answer A. A sole proprietorship is a business owned and operated by one individual.

B. A partnership is a business owned and operated by two or more individuals.

C. A corporation is a business owned and operated by shareholders.

D. A cooperative is a business owned and operated by its members.

Correct Answer

Correct Option:

A sole proprietorship is a business owned and operated by one individual.

This is Post Utme Futa 2020 Commerce Question 30. It is one of the objective questions from the 2020 Post Utme Futa Commerce examination.

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