Post Utme Nile University 2017 Commerce Question 11

Practice objective / multiple choice question 11 from the 2017 Post Utme Nile University Commerce examination.

Post Utme Nile University 2017 Commerce Objective / Multiple Choice

Question 11 POST_UTME_NILE_UNIVERSITY • 2017 • COMMERCE • objective

A sole trader's business is considered a separate legal entity from its owner. Discuss the implications of this separation on the owner's personal assets.

Answer Options

A. The owner's personal assets are completely protected from business liabilities.

B. The owner's personal assets are partially protected from business liabilities.

Correct Answer C. The owner's personal assets are completely exposed to business liabilities.

D. The owner's personal assets are not affected by business liabilities.

Correct Answer

Correct Option:

The owner's personal assets are completely exposed to business liabilities.

About This Question

This is Post Utme Nile University 2017 Commerce Question 11. It is one of the objective questions from the 2017 Post Utme Nile University Commerce examination.

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