Post Utme Uniport 2023 Commerce Question 36

Practice objective / multiple choice question 36 from the 2023 Post Utme Uniport Commerce examination.

Post Utme Uniport 2023 Commerce Objective / Multiple Choice
Question 36 POST_UTME_UNIPORT • 2023 • COMMERCE • objective

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

Answer Options

A. Lack of separate business bank account
B. Insufficient business insurance
Correct Answer C. Personal guarantee of business loans
D. Inadequate business registration
Correct Answer
C
Correct Option:
Personal guarantee of business loans

About This Question

This is Post Utme Uniport 2023 Commerce Question 36. It is one of the objective questions from the 2023 Post Utme Uniport Commerce examination.

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