Post Utme Summit University 2020 Commerce Question 37

Practice objective / multiple choice question 37 from the 2020 Post Utme Summit University Commerce examination.

Post Utme Summit University 2020 Commerce Objective / Multiple Choice

Question 37 POST_UTME_SUMMIT_UNIVERSITY • 2020 • COMMERCE • objective

A sole trader's business is considered a separate legal entity from its owner. Which of the following is a characteristic of a sole trader?

Answer Options

Correct Answer A. It has unlimited liability

B. It has a separate legal entity from its owner

C. It is easy to set up and manage

D. It has a fixed number of shareholders

Correct Answer

Correct Option:

It has unlimited liability

About This Question

This is Post Utme Summit University 2020 Commerce Question 37. It is one of the objective questions from the 2020 Post Utme Summit University Commerce examination.

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