Post Utme Ims U 2021 Commerce Question 6

Practice objective / multiple choice question 6 from the 2021 Post Utme Ims U Commerce examination.

Post Utme Ims U 2021 Commerce Objective / Multiple Choice
Question 6 POST_UTME_IMS_U • 2021 • COMMERCE • objective

A sole trader's business is considered a separate legal entity from its owner. However, the owner's personal assets are still at risk in case of business debts. What is the name of this type of business risk?

Answer Options

Correct Answer A. Unlimited Liability
B. Limited Liability
C. Joint Liability
D. Single Liability
Correct Answer
A
Correct Option:
Unlimited Liability

About This Question

This is Post Utme Ims U 2021 Commerce Question 6. It is one of the objective questions from the 2021 Post Utme Ims U Commerce examination.

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