Post Utme Madonna University 2022 Commerce Question 17

Practice objective / multiple choice question 17 from the 2022 Post Utme Madonna University Commerce examination.

Post Utme Madonna University 2022 Commerce Objective / Multiple Choice
Question 17 POST_UTME_MADONNA_UNIVERSITY • 2022 • COMMERCE • objective

A sole trader's business is registered with the Corporate Affairs Commission (CAC). Which of the following is a characteristic of a sole trader?

Answer Options

A. Limited liability
Correct Answer B. Unlimited liability
C. Separate legal entity
D. No partnership
Correct Answer
B
Correct Option:
Unlimited liability

About This Question

This is Post Utme Madonna University 2022 Commerce Question 17. It is one of the objective questions from the 2022 Post Utme Madonna University Commerce examination.

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