Post Utme Joseph Ayo Babalola University 2017 Commerce Question 17

Practice objective / multiple choice question 17 from the 2017 Post Utme Joseph Ayo Babalola University Commerce examination.

Post Utme Joseph Ayo Babalola University 2017 Commerce Objective / Multiple Choice

Question 17 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2017 • COMMERCE • objective

A company has a sole trader as its business unit. Which of the following is a characteristic of a sole trader?

Answer Options

Correct Answer A. The business is owned by one person.

B. The business is owned by multiple people.

C. The business is a partnership.

D. The business is a limited liability company.

Correct Answer

Correct Option:

The business is owned by one person.

About This Question

This is Post Utme Joseph Ayo Babalola University 2017 Commerce Question 17. It is one of the objective questions from the 2017 Post Utme Joseph Ayo Babalola University Commerce examination.

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