Post Utme Unilorin 2018 Commerce Question 1

Practice objective / multiple choice question 1 from the 2018 Post Utme Unilorin Commerce examination.

Post Utme Unilorin 2018 Commerce Objective / Multiple Choice
Question 1 POST_UTME_UNILORIN • 2018 • COMMERCE • objective

A sole trader's business is considered a separate legal entity from its owner. What is the primary reason for this separation?

Answer Options

Correct Answer A. To protect the owner's personal assets from business liabilities
B. To allow the business to operate independently of its owner
C. To facilitate the transfer of ownership to a new individual
D. To simplify tax compliance for the business
Correct Answer
A
Correct Option:
To protect the owner's personal assets from business liabilities

About This Question

This is Post Utme Unilorin 2018 Commerce Question 1. It is one of the objective questions from the 2018 Post Utme Unilorin Commerce examination.

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