Post Utme Uniosun 2024 Commerce Question 16

Practice objective / multiple choice question 16 from the 2024 Post Utme Uniosun Commerce examination.

Post Utme Uniosun 2024 Commerce Objective / Multiple Choice

Question 16 POST_UTME_UNIOSUN • 2024 • COMMERCE • objective

A sole trader's business is considered a separate legal entity from its owner. Which of the following is a consequence of this separation?

Answer Options

A. The sole trader's business is liable for its owner's debts.

Correct Answer B. The sole trader's business is not liable for its owner's debts.

C. The sole trader's business is responsible for its owner's taxes.

D. The sole trader's business is not responsible for its owner's taxes.

Correct Answer

Correct Option:

The sole trader's business is not liable for its owner's debts.

About This Question

This is Post Utme Uniosun 2024 Commerce Question 16. It is one of the objective questions from the 2024 Post Utme Uniosun Commerce examination.

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