Post Utme Rhema University 2023 Commerce Question 18

Practice objective / multiple choice question 18 from the 2023 Post Utme Rhema University Commerce examination.

Post Utme Rhema University 2023 Commerce Objective / Multiple Choice

Question 18 POST_UTME_RHEMA_UNIVERSITY • 2023 • COMMERCE • objective

A sole trader is a type of business ownership where one person owns and operates the business. Which of the following is a characteristic of a sole trader?

Answer Options

Correct Answer A. The business is owned and operated by one person

B. The business is owned and operated by multiple people

C. The business is owned by one person, but operated by multiple people

D. The business is owned and operated by a partnership of two or more people

Correct Answer

Correct Option:

The business is owned and operated by one person

About This Question

This is Post Utme Rhema University 2023 Commerce Question 18. It is one of the objective questions from the 2023 Post Utme Rhema University Commerce examination.

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