Post Utme Lautech 2025 Commerce Question 3

Practice objective / multiple choice question 3 from the 2025 Post Utme Lautech Commerce examination.

Post Utme Lautech 2025 Commerce Objective / Multiple Choice
Question 3 POST_UTME_LAUTECH • 2025 • COMMERCE • objective

A company is considering setting up a sole trade business. The company's owner-manager has a good understanding of the market and has identified a niche area where the company can offer a unique product or service. However, the owner-manager is concerned about the risks associated with a sole trade business. Which of the following is a key advantage of a sole trade business?

Answer Options

Correct Answer A. Flexibility
B. Limited liability
C. Tax benefits
D. Easy to set up
Correct Answer
A
Correct Option:
Flexibility

About This Question

This is Post Utme Lautech 2025 Commerce Question 3. It is one of the objective questions from the 2025 Post Utme Lautech Commerce examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support