Post Utme Oau 2022 Commerce Question 8

Practice objective / multiple choice question 8 from the 2022 Post Utme Oau Commerce examination.

Post Utme Oau 2022 Commerce Objective / Multiple Choice
Question 8 POST_UTME_OAU • 2022 • COMMERCE • objective

A sole trader's business is considered a "sole proprietorship" because it is owned and operated by one person. Which of the following is a correct description of this type of business?

Answer Options

A. A partnership between two or more people
Correct Answer B. A business owned and operated by one person
C. A corporation with multiple shareholders
D. A cooperative owned by its members
Correct Answer
B
Correct Option:
A business owned and operated by one person

About This Question

This is Post Utme Oau 2022 Commerce Question 8. It is one of the objective questions from the 2022 Post Utme Oau Commerce examination.

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