Post Utme Lasu 2019 Commerce Question 16

Practice objective / multiple choice question 16 from the 2019 Post Utme Lasu Commerce examination.

Post Utme Lasu 2019 Commerce Objective / Multiple Choice
Question 16 POST_UTME_LASU • 2019 • COMMERCE • objective

In a sole proprietorship, the owner's personal assets are not protected from business liabilities. What is the term for this lack of separation?

Answer Options

A. Limited Liability
B. Separate Entity
Correct Answer C. Unlimited Liability
D. Partnership
Correct Answer
C
Correct Option:
Unlimited Liability

About This Question

This is Post Utme Lasu 2019 Commerce Question 16. It is one of the objective questions from the 2019 Post Utme Lasu Commerce examination.

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