Post Utme Lautech 2021 Commerce Question 16

Practice objective / multiple choice question 16 from the 2021 Post Utme Lautech Commerce examination.

Post Utme Lautech 2021 Commerce Objective / Multiple Choice
Question 16 POST_UTME_LAUTECH • 2021 • COMMERCE • objective

A sole trader's business is considered a separate legal entity from the owner's personal assets. What is the primary reason for this separation?

Answer Options

A. Limited liability
Correct Answer B. Separation of business and personal finances
C. Tax benefits
D. Increased credibility
Correct Answer
B
Correct Option:
Separation of business and personal finances

About This Question

This is Post Utme Lautech 2021 Commerce Question 16. It is one of the objective questions from the 2021 Post Utme Lautech Commerce examination.

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