Post Utme Futo 2023 Commerce Question 1

Practice objective / multiple choice question 1 from the 2023 Post Utme Futo Commerce examination.

Post Utme Futo 2023 Commerce Objective / Multiple Choice

Question 1 POST_UTME_FUTO • 2023 • COMMERCE • objective

A sole trader's business is considered a separate legal entity from its owner. Which of the following statements is FALSE regarding this separation?

A. The sole trader's business is responsible for its own debts.

Correct Answer B. The sole trader's business is responsible for its owner's debts.

C. The sole trader's business is taxed separately from its owner.

D. The sole trader's business is not responsible for its owner's debts.

Correct Answer

Correct Option:

The sole trader's business is responsible for its owner's debts.

This is Post Utme Futo 2023 Commerce Question 1. It is one of the objective questions from the 2023 Post Utme Futo Commerce examination.

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