Post Utme Madonna University 2024 Commerce Question 19

Practice objective / multiple choice question 19 from the 2024 Post Utme Madonna University Commerce examination.

Post Utme Madonna University 2024 Commerce Objective / Multiple Choice

Question 19 POST_UTME_MADONNA_UNIVERSITY • 2024 • COMMERCE • objective

A sole trader is responsible for managing their own business. Which of the following is a key advantage of being a sole trader?

Answer Options

Correct Answer A. The ability to make quick decisions without needing to consult others.

B. The ability to share profits and losses with partners.

C. The ability to access funding from investors.

D. The ability to hire employees and delegate tasks.

Correct Answer

Correct Option:

The ability to make quick decisions without needing to consult others.

About This Question

This is Post Utme Madonna University 2024 Commerce Question 19. It is one of the objective questions from the 2024 Post Utme Madonna University Commerce examination.

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