Post Utme Redeemers University 2022 Commerce Question 6

Practice objective / multiple choice question 6 from the 2022 Post Utme Redeemers University Commerce examination.

Post Utme Redeemers University 2022 Commerce Objective / Multiple Choice

Question 6 POST_UTME_REDEEMERS_UNIVERSITY • 2022 • 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

Correct Option:

Limited liability

About This Question

This is Post Utme Redeemers University 2022 Commerce Question 6. It is one of the objective questions from the 2022 Post Utme Redeemers University Commerce examination.

View More Post Utme Redeemers University 2022 Commerce Questions More Post Utme Redeemers University Practice Questions Back to Questions

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