Post Utme Unilorin 2024 Commerce Question 12

Practice objective / multiple choice question 12 from the 2024 Post Utme Unilorin Commerce examination.

Post Utme Unilorin 2024 Commerce Objective / Multiple Choice
Question 12 POST_UTME_UNILORIN • 2024 • COMMERCE • objective

A sole trader is a type of business organization that is owned and operated by one individual. What is the main advantage of a sole trader?

Answer Options

A. The sole trader has unlimited liability.
B. The sole trader has limited liability.
C. The sole trader has the ability to raise capital from investors.
Correct Answer D. The sole trader has the ability to transfer ownership of the business.
Correct Answer
D
Correct Option:
The sole trader has the ability to transfer ownership of the business.

About This Question

This is Post Utme Unilorin 2024 Commerce Question 12. It is one of the objective questions from the 2024 Post Utme Unilorin Commerce examination.

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