Post Utme Joseph Ayo Babalola University 2020 Commerce Question 33

Practice objective / multiple choice question 33 from the 2020 Post Utme Joseph Ayo Babalola University Commerce examination.

Post Utme Joseph Ayo Babalola University 2020 Commerce Objective / Multiple Choice
Question 33 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2020 • COMMERCE • objective

A sole trader is a type of business organization that is owned and operated by one individual. Which of the following is a characteristic of a sole trader?

Answer Options

A. It has unlimited liability.
B. It has limited liability.
Correct Answer C. It is easy to set up.
D. It is difficult to dissolve.
Correct Answer
C
Correct Option:
It is easy to set up.

About This Question

This is Post Utme Joseph Ayo Babalola University 2020 Commerce Question 33. It is one of the objective questions from the 2020 Post Utme Joseph Ayo Babalola University Commerce examination.

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