Post Utme Ims U 2023 Commerce Question 32

Practice objective / multiple choice question 32 from the 2023 Post Utme Ims U Commerce examination.

Post Utme Ims U 2023 Commerce Objective / Multiple Choice
Question 32 POST_UTME_IMS_U • 2023 • COMMERCE • objective

A sole trader's business is affected by the following factors: market demand, competition, government policies, and technological advancements. Which of the following is a characteristic of a sole trader's business?

Answer Options

A. Limited liability
Correct Answer B. Unlimited liability
C. Separate legal entity
D. No partnership
Correct Answer
B
Correct Option:
Unlimited liability

About This Question

This is Post Utme Ims U 2023 Commerce Question 32. It is one of the objective questions from the 2023 Post Utme Ims U Commerce examination.

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