Post Utme Unn 2022 Commerce Question 26

Practice objective / multiple choice question 26 from the 2022 Post Utme Unn Commerce examination.

Post Utme Unn 2022 Commerce Objective / Multiple Choice
Question 26 POST_UTME_UNN • 2022 • COMMERCE • objective

A sole trader's business is registered under the Companies and Allied Matters Act (CAMA) 2020. Which of the following is a characteristic of a sole trader?

Answer Options

A. Limited liability
Correct Answer B. Unlimited liability
C. Separate legal entity
D. No partnership
Correct Answer
B
Correct Option:
Unlimited liability

About This Question

This is Post Utme Unn 2022 Commerce Question 26. It is one of the objective questions from the 2022 Post Utme Unn Commerce examination.

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