Post Utme Uniport 2021 Commerce Question 36

Practice objective / multiple choice question 36 from the 2021 Post Utme Uniport Commerce examination.

Post Utme Uniport 2021 Commerce Objective / Multiple Choice
Question 36 POST_UTME_UNIPORT • 2021 • COMMERCE • objective

In a sole proprietorship, the owner's personal assets are not protected from business liabilities. Which of the following is a correct statement regarding the owner's personal assets?

Answer Options

A. The owner's personal assets are protected from business liabilities.
Correct Answer B. The owner's personal assets are not protected from business liabilities.
C. The owner's personal assets are protected from business liabilities, but only up to a certain amount.
D. The owner's personal assets are not protected from business liabilities, but only in cases of gross negligence.
Correct Answer
B
Correct Option:
The owner's personal assets are not protected from business liabilities.

About This Question

This is Post Utme Uniport 2021 Commerce Question 36. It is one of the objective questions from the 2021 Post Utme Uniport Commerce examination.

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