Post Utme Madonna University 2024 Commerce Question 23

Practice objective / multiple choice question 23 from the 2024 Post Utme Madonna University Commerce examination.

Post Utme Madonna University 2024 Commerce Objective / Multiple Choice
Question 23 POST_UTME_MADONNA_UNIVERSITY • 2024 • COMMERCE • objective

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

Answer Options

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.
Correct Answer D. The unlimited personal liability of the business owner.
Correct Answer
D
Correct Option:
The unlimited personal liability of the business owner.

About This Question

This is Post Utme Madonna University 2024 Commerce Question 23. It is one of the objective questions from the 2024 Post Utme Madonna University Commerce examination.

View More Post Utme Madonna University 2024 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