Post Utme Futa 2024 Commerce Question 21

Practice objective / multiple choice question 21 from the 2024 Post Utme Futa Commerce examination.

Post Utme Futa 2024 Commerce Objective / Multiple Choice
Question 21 POST_UTME_FUTA • 2024 • COMMERCE • objective

A company is considering the following business units: sole trader, partnership, and limited liability company. Which of the following is a key advantage of a sole trader over a partnership?

Answer Options

A. Limited liability
Correct Answer B. Easy to set up
C. No need for a partnership agreement
D. No tax implications
Correct Answer
B
Correct Option:
Easy to set up

About This Question

This is Post Utme Futa 2024 Commerce Question 21. It is one of the objective questions from the 2024 Post Utme Futa Commerce examination.

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