Post Utme Igbinedion University 2021 Commerce Question 30

Practice objective / multiple choice question 30 from the 2021 Post Utme Igbinedion University Commerce examination.

Post Utme Igbinedion University 2021 Commerce Objective / Multiple Choice
Question 30 POST_UTME_IGBINEDION_UNIVERSITY • 2021 • COMMERCE • objective

A sole trader is a type of business ownership where one person owns and operates the business. Which of the following is a characteristic of a sole trader?

Answer Options

A. Limited liability
Correct Answer B. Unlimited liability
C. Partnership
D. Company
Correct Answer
B
Correct Option:
Unlimited liability

About This Question

This is Post Utme Igbinedion University 2021 Commerce Question 30. It is one of the objective questions from the 2021 Post Utme Igbinedion University Commerce examination.

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