Post Utme Igbinedion University 2024 Commerce Question 31

Practice objective / multiple choice question 31 from the 2024 Post Utme Igbinedion University Commerce examination.

Post Utme Igbinedion University 2024 Commerce Objective / Multiple Choice
Question 31 POST_UTME_IGBINEDION_UNIVERSITY • 2024 • COMMERCE • objective

In a sole proprietorship, the owner's personal assets are not protected from business liabilities. What is the term for this lack of separation?

Answer Options

A. Separation of Assets
B. Limited Liability
Correct Answer C. Unlimited Liability
D. Separation of Ownership
Correct Answer
C
Correct Option:
Unlimited Liability

About This Question

This is Post Utme Igbinedion University 2024 Commerce Question 31. It is one of the objective questions from the 2024 Post Utme Igbinedion University Commerce examination.

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