Post Utme Futo 2023 Commerce Question 11

Practice objective / multiple choice question 11 from the 2023 Post Utme Futo Commerce examination.

Post Utme Futo 2023 Commerce Objective / Multiple Choice

Question 11 POST_UTME_FUTO • 2023 • COMMERCE • objective

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

Correct Answer A. The sole trader's business is not liable for the owner's personal debts.

B. The sole trader's business is not entitled to the owner's personal assets.

C. The sole trader's business is not responsible for the owner's personal taxes.

D. The sole trader's business is not required to file separate tax returns.

Correct Answer

Correct Option:

The sole trader's business is not liable for the owner's personal debts.

This is Post Utme Futo 2023 Commerce Question 11. It is one of the objective questions from the 2023 Post Utme Futo Commerce examination.

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