Post Utme Summit University 2022 Commerce Question 27

Practice objective / multiple choice question 27 from the 2022 Post Utme Summit University Commerce examination.

Post Utme Summit University 2022 Commerce Objective / Multiple Choice
Question 27 POST_UTME_SUMMIT_UNIVERSITY • 2022 • COMMERCE • objective

A company's sole trade is the production of food items. Which of the following is a characteristic of a sole trader?

Answer Options

A. Limited liability
Correct Answer B. Unlimited liability
C. Separate legal entity
D. No partnership
Correct Answer
B
Correct Option:
Unlimited liability

About This Question

This is Post Utme Summit University 2022 Commerce Question 27. It is one of the objective questions from the 2022 Post Utme Summit University Commerce examination.

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