Post Utme Futo 2020 Commerce Question 11

Practice objective / multiple choice question 11 from the 2020 Post Utme Futo Commerce examination.

Post Utme Futo 2020 Commerce Objective / Multiple Choice

Question 11 POST_UTME_FUTO • 2020 • COMMERCE • objective

A sole trader's business is considered a separate legal entity from its owner. What is the primary reason for this separation?

Correct Answer A. To limit the owner's personal liability

B. To facilitate the transfer of ownership

C. To simplify tax compliance

D. To enhance business credibility

Correct Answer

Correct Option:

To limit the owner's personal liability

This is Post Utme Futo 2020 Commerce Question 11. It is one of the objective questions from the 2020 Post Utme Futo Commerce examination.

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