Post Utme Futa 2021 Commerce Question 21

Practice objective / multiple choice question 21 from the 2021 Post Utme Futa Commerce examination.

Post Utme Futa 2021 Commerce Objective / Multiple Choice

Question 21 POST_UTME_FUTA • 2021 • COMMERCE • objective

In a sole trade business, the owner's personal assets are not protected from business liabilities. What is the primary reason for this?

Correct Answer A. The business is not registered as a separate legal entity.

B. The owner has not obtained necessary licenses and permits.

C. The business is not insured against liabilities.

D. The owner has not separated personal and business finances.

Correct Answer

Correct Option:

The business is not registered as a separate legal entity.

This is Post Utme Futa 2021 Commerce Question 21. It is one of the objective questions from the 2021 Post Utme Futa Commerce examination.

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