Post Utme Lasu 2025 Commerce Question 1

Practice objective / multiple choice question 1 from the 2025 Post Utme Lasu Commerce examination.

Post Utme Lasu 2025 Commerce Objective / Multiple Choice
Question 1 POST_UTME_LASU • 2025 • COMMERCE • objective

A sole trader's business is registered under the Companies and Allied Matters Act (CAMA) 2020. Which of the following is a characteristic of a sole trader?

Answer Options

A. Unlimited liability
B. Limited liability
C. Separation of ownership and management
Correct Answer D. No distinction between ownership and management
Correct Answer
D
Correct Option:
No distinction between ownership and management

About This Question

This is Post Utme Lasu 2025 Commerce Question 1. It is one of the objective questions from the 2025 Post Utme Lasu Commerce examination.

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