Post Utme Madonna University 2023 Commerce Question 1

Practice objective / multiple choice question 1 from the 2023 Post Utme Madonna University Commerce examination.

Post Utme Madonna University 2023 Commerce Objective / Multiple Choice

Question 1 POST_UTME_MADONNA_UNIVERSITY • 2023 • COMMERCE • objective

A sole trader's business is registered under the Companies and Allied Matters Act (CAMA). Which of the following is a characteristic of a sole trader's business?

Answer Options

Correct Answer A. The business is owned by one person

B. The business is owned by two or more people

C. The business is owned by a group of people

D. The business is owned by a company

Correct Answer

Correct Option:

The business is owned by one person

About This Question

This is Post Utme Madonna University 2023 Commerce Question 1. It is one of the objective questions from the 2023 Post Utme Madonna University Commerce examination.

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