Post Utme Unn 2017 Commerce Question 31

Practice objective / multiple choice question 31 from the 2017 Post Utme Unn Commerce examination.

Post Utme Unn 2017 Commerce Objective / Multiple Choice

Question 31 POST_UTME_UNN • 2017 • COMMERCE • objective

A sole trader's business is considered a separate legal entity from its owner. What is the primary reason for this separation?

Correct Answer A. To protect the owner's personal assets from business liabilities

B. To allow the business to operate independently of its owner

C. To enable the business to enter into contracts without the owner's signature

D. To facilitate the transfer of ownership to another individual

Correct Answer

Correct Option:

To protect the owner's personal assets from business liabilities

This is Post Utme Unn 2017 Commerce Question 31. It is one of the objective questions from the 2017 Post Utme Unn Commerce examination.

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