Post Utme Madonna University 2023 Commerce Question 38

Practice objective / multiple choice question 38 from the 2023 Post Utme Madonna University Commerce examination.

Post Utme Madonna University 2023 Commerce Objective / Multiple Choice
Question 38 POST_UTME_MADONNA_UNIVERSITY • 2023 • COMMERCE • objective

A sole trader is considering expanding their business by taking on a partner. What are the main advantages of this decision?

Answer Options

Correct Answer A. Increased capital, shared risk, and access to new skills
B. Increased workload, shared profits, and potential conflict
C. Increased competition, shared responsibilities, and potential loss of control
D. Increased costs, shared liabilities, and potential loss of autonomy
Correct Answer
A
Correct Option:
Increased capital, shared risk, and access to new skills

About This Question

This is Post Utme Madonna University 2023 Commerce Question 38. It is one of the objective questions from the 2023 Post Utme Madonna University Commerce examination.

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