Post Utme Unilag 2023 Commerce Question 38

Practice objective / multiple choice question 38 from the 2023 Post Utme Unilag Commerce examination.

Post Utme Unilag 2023 Commerce Objective / Multiple Choice
Question 38 POST_UTME_UNILAG • 2023 • COMMERCE • objective

A sole trader's business is registered under the sole trader's name. Which of the following is a characteristic of a sole trader's business?

Answer Options

A. Limited liability
Correct Answer B. Unlimited liability
C. Separate legal entity
D. Partnership
Correct Answer
B
Correct Option:
Unlimited liability

About This Question

This is Post Utme Unilag 2023 Commerce Question 38. It is one of the objective questions from the 2023 Post Utme Unilag Commerce examination.

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