Post Utme Skyline University 2024 Commerce Question 6

Practice objective / multiple choice question 6 from the 2024 Post Utme Skyline University Commerce examination.

Post Utme Skyline University 2024 Commerce Objective / Multiple Choice
Question 6 POST_UTME_SKYLINE_UNIVERSITY • 2024 • COMMERCE • objective

A sole trader's business is considered a separate legal entity from its owner. However, the owner's personal assets are still at risk in case of business debts. What is the name of this type of business structure?

Answer Options

Correct Answer A. Sole Proprietorship
B. Partnership
C. Limited Liability Company
D. Cooperative
Correct Answer
A
Correct Option:
Sole Proprietorship

About This Question

This is Post Utme Skyline University 2024 Commerce Question 6. It is one of the objective questions from the 2024 Post Utme Skyline University Commerce examination.

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