Post Utme Lasu 2025 Commerce Question 31

Practice objective / multiple choice question 31 from the 2025 Post Utme Lasu Commerce examination.

Post Utme Lasu 2025 Commerce Objective / Multiple Choice
Question 31 POST_UTME_LASU • 2025 • COMMERCE • objective

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

Answer Options

A. Separate Entity
B. Limited Liability
Correct Answer C. Piercing the Corporate Veil
D. Business Continuity
Correct Answer
C
Correct Option:
Piercing the Corporate Veil

About This Question

This is Post Utme Lasu 2025 Commerce Question 31. It is one of the objective questions from the 2025 Post Utme Lasu Commerce examination.

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