Post Utme Madonna University 2023 Commerce Question 23

Practice objective / multiple choice question 23 from the 2023 Post Utme Madonna University Commerce examination.

Post Utme Madonna University 2023 Commerce Objective / Multiple Choice
Question 23 POST_UTME_MADONNA_UNIVERSITY • 2023 • COMMERCE • objective

A sole trader's business is registered under the Companies and Allied Matters Act (CAMA) 2020. 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 2023 Commerce Question 23. It is one of the objective questions from the 2023 Post Utme Madonna University Commerce examination.

View More Post Utme Madonna University 2023 Commerce Questions More Post Utme Madonna 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