Post Utme Nile University 2017 Commerce Question 21

Practice objective / multiple choice question 21 from the 2017 Post Utme Nile University Commerce examination.

Post Utme Nile University 2017 Commerce Objective / Multiple Choice
Question 21 POST_UTME_NILE_UNIVERSITY • 2017 • COMMERCE • objective

A sole trader's business is considered a separate legal entity from its owner. However, the owner is personally liable for the business's debts. What is the name of this type of business?

Answer Options

Correct Answer A. Sole Trader
B. Partnership
C. Limited Liability Company
D. Cooperative
Correct Answer
A
Correct Option:
Sole Trader

About This Question

This is Post Utme Nile University 2017 Commerce Question 21. It is one of the objective questions from the 2017 Post Utme Nile University Commerce examination.

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