Post Utme Nile University 2020 Commerce Question 9

Practice objective / multiple choice question 9 from the 2020 Post Utme Nile University Commerce examination.

Post Utme Nile University 2020 Commerce Objective / Multiple Choice

Question 9 POST_UTME_NILE_UNIVERSITY • 2020 • COMMERCE • objective

A sole proprietorship is a type of business ownership where one individual owns and operates the business. What are the advantages of a sole proprietorship?

Answer Options

A. Easy to set up, low startup costs, and unlimited personal liability.

Correct Answer B. Easy to set up, low startup costs, and limited personal liability.

C. Easy to set up, low startup costs, and no personal liability.

D. Difficult to set up, high startup costs, and unlimited personal liability.

Correct Answer

Correct Option:

Easy to set up, low startup costs, and limited personal liability.

About This Question

This is Post Utme Nile University 2020 Commerce Question 9. It is one of the objective questions from the 2020 Post Utme Nile University Commerce examination.

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