Post Utme Nile University 2021 Commerce Question 26

Practice objective / multiple choice question 26 from the 2021 Post Utme Nile University Commerce examination.

Post Utme Nile University 2021 Commerce Objective / Multiple Choice
Question 26 POST_UTME_NILE_UNIVERSITY • 2021 • COMMERCE • objective

In a sole trade business, the owner's personal assets are not protected from business liabilities. Which of the following is a correct statement regarding the owner's personal assets?

Answer Options

A. The owner's personal assets are protected from business liabilities.
Correct Answer B. The owner's personal assets are not protected from business liabilities.
C. The owner's personal assets are protected up to a certain amount.
D. The owner's personal assets are not affected by the business.
Correct Answer
B
Correct Option:
The owner's personal assets are not protected from business liabilities.

About This Question

This is Post Utme Nile University 2021 Commerce Question 26. It is one of the objective questions from the 2021 Post Utme Nile University Commerce examination.

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