Post Utme Nile University 2022 Commerce Question 6

Practice objective / multiple choice question 6 from the 2022 Post Utme Nile University Commerce examination.

Post Utme Nile University 2022 Commerce Objective / Multiple Choice
Question 6 POST_UTME_NILE_UNIVERSITY • 2022 • COMMERCE • objective

A sole trader's business is considered a separate legal entity from its owner. However, in the event of the owner's death, the business will be wound up and the assets distributed according to the owner's will. This is an example of which type of business organization?

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 2022 Commerce Question 6. It is one of the objective questions from the 2022 Post Utme Nile University Commerce examination.

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