Post Utme Unilorin 2020 Commerce Question 1

Practice objective / multiple choice question 1 from the 2020 Post Utme Unilorin Commerce examination.

Post Utme Unilorin 2020 Commerce Objective / Multiple Choice
Question 1 POST_UTME_UNILORIN • 2020 • COMMERCE • objective

In a sole proprietorship business, the owner's personal assets are not protected from business liabilities. What is the primary reason for this?

Answer Options

A. The business is not registered as a separate entity.
B. The owner has not obtained necessary licenses and permits.
Correct Answer C. The owner's personal assets are not separate from the business assets.
D. The business is not insured against liabilities.
Correct Answer
C
Correct Option:
The owner's personal assets are not separate from the business assets.

About This Question

This is Post Utme Unilorin 2020 Commerce Question 1. It is one of the objective questions from the 2020 Post Utme Unilorin Commerce examination.

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