Post Utme Ims U 2018 Commerce Question 20

Practice objective / multiple choice question 20 from the 2018 Post Utme Ims U Commerce examination.

Post Utme Ims U 2018 Commerce Objective / Multiple Choice
Question 20 POST_UTME_IMS_U • 2018 • COMMERCE • objective

A company operates as a sole proprietorship. The owner has unlimited personal liability for the business's debts. If the company incurs a debt, what is the expected impact on the owner's personal assets?

Answer Options

A. Personal assets will increase
Correct Answer B. Personal assets will decrease
C. Personal assets will remain unchanged
D. Personal assets will fluctuate
Correct Answer
B
Correct Option:
Personal assets will decrease

About This Question

This is Post Utme Ims U 2018 Commerce Question 20. It is one of the objective questions from the 2018 Post Utme Ims U Commerce examination.

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