Post Utme Futo 2022 Commerce Question 26

Practice objective / multiple choice question 26 from the 2022 Post Utme Futo Commerce examination.

Post Utme Futo 2022 Commerce Objective / Multiple Choice
Question 26 POST_UTME_FUTO • 2022 • COMMERCE • objective

A sole trader's business is considered a separate legal entity from its owner. Discuss the implications of this separation on the owner's personal assets.

Answer Options

A. The owner's personal assets are completely protected from business liabilities.
B. The owner's personal assets are partially protected from business liabilities.
Correct Answer C. The owner's personal assets are completely exposed to business liabilities.
D. The owner's personal assets are not affected by business liabilities.
Correct Answer
C
Correct Option:
The owner's personal assets are completely exposed to business liabilities.

About This Question

This is Post Utme Futo 2022 Commerce Question 26. It is one of the objective questions from the 2022 Post Utme Futo Commerce examination.

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