Post Utme Futo 2021 Commerce Question 2

Practice objective / multiple choice question 2 from the 2021 Post Utme Futo Commerce examination.

Post Utme Futo 2021 Commerce Objective / Multiple Choice
Question 2 POST_UTME_FUTO • 2021 • COMMERCE • objective

A company's sole trader is responsible for all the profits and losses of the business. What is the name of this type of business?

Answer Options

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

About This Question

This is Post Utme Futo 2021 Commerce Question 2. It is one of the objective questions from the 2021 Post Utme Futo Commerce examination.

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