Post Utme Osustech 2019 Commerce Question 16

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

Post Utme Osustech 2019 Commerce Objective / Multiple Choice

Question 16 POST_UTME_OSUSTECH • 2019 • COMMERCE • objective

A sole trader's business is considered a separate legal entity from its owner. Discuss this statement with reference to the concept of limited liability.

Answer Options

A. A sole trader's business is not considered a separate legal entity from its owner.

B. A sole trader's business is considered a separate legal entity from its owner, but with unlimited liability.

Correct Answer C. A sole trader's business is considered a separate legal entity from its owner, with limited liability.

D. A sole trader's business is not a separate legal entity from its owner, and has no liability.

Correct Answer

Correct Option:

A sole trader's business is considered a separate legal entity from its owner, with limited liability.

About This Question

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

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