Post Utme Noun 2017 Commerce Question 6

Practice objective / multiple choice question 6 from the 2017 Post Utme Noun Commerce examination.

Post Utme Noun 2017 Commerce Objective / Multiple Choice
Question 6 POST_UTME_NOUN • 2017 • COMMERCE • objective

A sole trader's business is considered a separate legal entity from its owner. However, the owner's personal assets are not protected in case the business incurs debts. What is the name of this type of business?

Answer Options

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

About This Question

This is Post Utme Noun 2017 Commerce Question 6. It is one of the objective questions from the 2017 Post Utme Noun Commerce examination.

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