Post Utme Ui 2023 Commerce Question 27

Practice objective / multiple choice question 27 from the 2023 Post Utme Ui Commerce examination.

Post Utme Ui 2023 Commerce Objective / Multiple Choice
Question 27 POST_UTME_UI • 2023 • COMMERCE • objective

A sole trader is a type of business organization that is owned and managed by one person. What is the main advantage of a sole trader compared to a partnership?

Answer Options

A. Limited liability
Correct Answer B. Unlimited liability
C. Easy to set up
D. High profit margins
Correct Answer
B
Correct Option:
Unlimited liability

About This Question

This is Post Utme Ui 2023 Commerce Question 27. It is one of the objective questions from the 2023 Post Utme Ui Commerce examination.

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