Post Utme Oau 2019 Commerce Question 16

Practice objective / multiple choice question 16 from the 2019 Post Utme Oau Commerce examination.

Post Utme Oau 2019 Commerce Objective / Multiple Choice
Question 16 POST_UTME_OAU • 2019 • COMMERCE • objective

A sole trader's business is considered a separate legal entity from its owner. What is the primary advantage of this separation?

Answer Options

Correct Answer A. Limited liability
B. Separate taxation
C. Increased credibility
D. Easier business closure
Correct Answer
A
Correct Option:
Limited liability

About This Question

This is Post Utme Oau 2019 Commerce Question 16. It is one of the objective questions from the 2019 Post Utme Oau Commerce examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support