Post Utme Futa 2025 Commerce Question 11

Practice objective / multiple choice question 11 from the 2025 Post Utme Futa Commerce examination.

Post Utme Futa 2025 Commerce Objective / Multiple Choice
Question 11 POST_UTME_FUTA • 2025 • COMMERCE • objective

A sole trader's business is considered a separate legal entity from its owner. However, the owner is personally liable for all business debts and obligations. What is the name of this type of business organization?

Answer Options

Correct Answer A. Sole Proprietorship
B. Partnership
C. Limited Liability Company
D. Cooperative
Correct Answer
A
Correct Option:
Sole Proprietorship

About This Question

This is Post Utme Futa 2025 Commerce Question 11. It is one of the objective questions from the 2025 Post Utme Futa Commerce examination.

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