Post Utme Greenfield University 2022 Commerce Question 16

Practice objective / multiple choice question 16 from the 2022 Post Utme Greenfield University Commerce examination.

Post Utme Greenfield University 2022 Commerce Objective / Multiple Choice
Question 16 POST_UTME_GREENFIELD_UNIVERSITY • 2022 • COMMERCE • objective

A sole trader's business is considered a separate legal entity from its owner. However, in the event of a lawsuit, the owner's personal assets may be at risk. What is the primary reason for this?

Answer Options

Correct Answer A. Limited liability protection
B. Separate taxation
C. Separate accounting
D. Separate business registration
Correct Answer
A
Correct Option:
Limited liability protection

About This Question

This is Post Utme Greenfield University 2022 Commerce Question 16. It is one of the objective questions from the 2022 Post Utme Greenfield University Commerce examination.

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