Post Utme Uniosun 2017 Commerce Question 39

Practice objective / multiple choice question 39 from the 2017 Post Utme Uniosun Commerce examination.

Post Utme Uniosun 2017 Commerce Objective / Multiple Choice
Question 39 POST_UTME_UNIOSUN • 2017 • COMMERCE • objective

A sole trader's business is considered a separate legal entity from its owner. Discuss this statement with reference to the concept of limited liability.

Answer Options

A. The sole trader's business is not a separate legal entity from its owner.
Correct Answer B. The sole trader's business is a separate legal entity from its owner, but with limited liability.
C. The sole trader's business is a separate legal entity from its owner, with unlimited liability.
D. The sole trader's business is not a separate legal entity from its owner, with limited liability.
Correct Answer
B
Correct Option:
The sole trader's business is a separate legal entity from its owner, but with limited liability.

About This Question

This is Post Utme Uniosun 2017 Commerce Question 39. It is one of the objective questions from the 2017 Post Utme Uniosun Commerce examination.

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