Post Utme Veritas University 2018 Commerce Question 1

Practice objective / multiple choice question 1 from the 2018 Post Utme Veritas University Commerce examination.

Post Utme Veritas University 2018 Commerce Objective / Multiple Choice
Question 1 POST_UTME_VERITAS_UNIVERSITY • 2018 • 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. Limited liability protection
B. Separation of business and personal assets
Correct Answer C. No distinction between business and personal finances
D. No need for business registration
Correct Answer
C
Correct Option:
No distinction between business and personal finances

About This Question

This is Post Utme Veritas University 2018 Commerce Question 1. It is one of the objective questions from the 2018 Post Utme Veritas University Commerce examination.

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