Post Utme Futo 2020 Commerce Question 15

Practice objective / multiple choice question 15 from the 2020 Post Utme Futo Commerce examination.

Post Utme Futo 2020 Commerce Objective / Multiple Choice
Question 15 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?

Answer Options

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
A
Correct Option:
To limit the owner's personal liability

About This Question

This is Post Utme Futo 2020 Commerce Question 15. It is one of the objective questions from the 2020 Post Utme Futo Commerce examination.

View More Post Utme Futo 2020 Commerce Questions More Post Utme Futo Practice Questions Back to Questions

Master the Exam!

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