Post Utme Lasu 2018 Commerce Question 6

Practice objective / multiple choice question 6 from the 2018 Post Utme Lasu Commerce examination.

Post Utme Lasu 2018 Commerce Objective / Multiple Choice

Question 6 POST_UTME_LASU • 2018 • COMMERCE • objective

In a sole trade business, the owner's personal assets are not protected from business liabilities. What is the primary reason for this?

A. Lack of separate business bank account

B. Insufficient business insurance coverage

Correct Answer C. Personal guarantee of business loans

D. Inadequate business registration

Correct Answer

Correct Option:

Personal guarantee of business loans

This is Post Utme Lasu 2018 Commerce Question 6. It is one of the objective questions from the 2018 Post Utme Lasu Commerce examination.

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