Post Utme Unn 2023 Commerce Question 12

Practice objective / multiple choice question 12 from the 2023 Post Utme Unn Commerce examination.

Post Utme Unn 2023 Commerce Objective / Multiple Choice
Question 12 POST_UTME_UNN • 2023 • COMMERCE • objective

A company has a sole trader business structure. What are the characteristics of this business structure?

Answer Options

A. Limited liability, separate legal entity
Correct Answer B. Unlimited liability, sole owner
C. Partnership, shared ownership
D. Company, separate legal entity
Correct Answer
B
Correct Option:
Unlimited liability, sole owner

About This Question

This is Post Utme Unn 2023 Commerce Question 12. It is one of the objective questions from the 2023 Post Utme Unn Commerce examination.

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