Post Utme Lead City University 2025 Commerce Question 25

Practice objective / multiple choice question 25 from the 2025 Post Utme Lead City University Commerce examination.

Post Utme Lead City University 2025 Commerce Objective / Multiple Choice
Question 25 POST_UTME_LEAD_CITY_UNIVERSITY • 2025 • COMMERCE • objective

A sole trader's business is considered a separate legal entity from the owner. Which of the following is a characteristic of a sole trader?

Answer Options

A. The business is a separate legal entity from the owner.
Correct Answer B. The business is not a separate legal entity from the owner.
C. The business is a partnership between the owner and other individuals.
D. The business is a company registered with the Corporate Affairs Commission.
Correct Answer
B
Correct Option:
The business is not a separate legal entity from the owner.

About This Question

This is Post Utme Lead City University 2025 Commerce Question 25. It is one of the objective questions from the 2025 Post Utme Lead City University Commerce examination.

View More Post Utme Lead City University 2025 Commerce Questions More Post Utme Lead City University Practice Questions Back to Questions

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