Post Utme Futa 2022 Commerce Question 15

Practice objective / multiple choice question 15 from the 2022 Post Utme Futa Commerce examination.

Post Utme Futa 2022 Commerce Objective / Multiple Choice

Question 15 POST_UTME_FUTA • 2022 • COMMERCE • objective

A sole trader is considering the incorporation of a new business. What are the primary advantages of incorporation?

Correct Answer A. Limited liability, ease of transfer of ownership, and increased credibility

B. Increased tax liability, reduced flexibility, and decreased credibility

C. Reduced liability, increased flexibility, and decreased credibility

D. Increased liability, reduced flexibility, and increased credibility

Correct Answer

Correct Option:

Limited liability, ease of transfer of ownership, and increased credibility

This is Post Utme Futa 2022 Commerce Question 15. It is one of the objective questions from the 2022 Post Utme Futa Commerce examination.

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