Post Utme Redeemers University 2024 Commerce Question 26

Practice objective / multiple choice question 26 from the 2024 Post Utme Redeemers University Commerce examination.

Post Utme Redeemers University 2024 Commerce Objective / Multiple Choice

Question 26 POST_UTME_REDEEMERS_UNIVERSITY • 2024 • COMMERCE • objective

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

Answer Options

Correct Answer A. To protect the owner's personal assets from business liabilities

B. To enable the business to enter into contracts independently

C. To facilitate the transfer of ownership

D. To simplify tax compliance

Correct Answer

Correct Option:

To protect the owner's personal assets from business liabilities

About This Question

This is Post Utme Redeemers University 2024 Commerce Question 26. It is one of the objective questions from the 2024 Post Utme Redeemers University Commerce examination.

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