Post Utme Madonna University 2023 Commerce Question 25

Practice objective / multiple choice question 25 from the 2023 Post Utme Madonna University Commerce examination.

Post Utme Madonna University 2023 Commerce Objective / Multiple Choice
Question 25 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 25. It is one of the objective questions from the 2023 Post Utme Madonna University Commerce examination.

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