Post Utme Redeemers University 2022 Commerce Question 16

Practice objective / multiple choice question 16 from the 2022 Post Utme Redeemers University Commerce examination.

Post Utme Redeemers University 2022 Commerce Objective / Multiple Choice

Question 16 POST_UTME_REDEEMERS_UNIVERSITY • 2022 • COMMERCE • objective

A sole trader's business is registered under the Companies and Allied Matters Act (CAMA) 2020. Which of the following is a characteristic of a sole trader?

Answer Options

A. The business is a separate legal entity from its owner.

Correct Answer B. The business is owned and controlled by one person.

C. The business is registered under the Companies and Allied Matters Act (CAMA) 2020.

D. The business is a partnership between two or more people.

Correct Answer

Correct Option:

The business is owned and controlled by one person.

About This Question

This is Post Utme Redeemers University 2022 Commerce Question 16. It is one of the objective questions from the 2022 Post Utme Redeemers University Commerce examination.

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