Post Utme Unilorin 2017 Commerce Question 8

Practice objective / multiple choice question 8 from the 2017 Post Utme Unilorin Commerce examination.

Post Utme Unilorin 2017 Commerce Objective / Multiple Choice
Question 8 POST_UTME_UNILORIN • 2017 • COMMERCE • objective

A sole trader is a type of business ownership where one person owns and operates the business. What are the advantages of being a sole trader?

Answer Options

A. Limited liability, easy to set up, and flexible management structure
B. Unlimited liability, difficult to set up, and rigid management structure
Correct Answer C. Easy to manage, flexible ownership structure, and limited liability
D. Difficult to manage, rigid ownership structure, and unlimited liability
Correct Answer
C
Correct Option:
Easy to manage, flexible ownership structure, and limited liability

About This Question

This is Post Utme Unilorin 2017 Commerce Question 8. It is one of the objective questions from the 2017 Post Utme Unilorin Commerce examination.

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