Post Utme Veritas University 2022 Commerce Question 2

Practice objective / multiple choice question 2 from the 2022 Post Utme Veritas University Commerce examination.

Post Utme Veritas University 2022 Commerce Objective / Multiple Choice
Question 2 POST_UTME_VERITAS_UNIVERSITY • 2022 • COMMERCE • objective

A company's sole trader is responsible for all the profits and losses of the business. What is the name of this type of business organization?

Answer Options

A. Partnership
B. Limited Liability Company
Correct Answer C. Sole Trader
D. Cooperative Society
Correct Answer
C
Correct Option:
Sole Trader

About This Question

This is Post Utme Veritas University 2022 Commerce Question 2. It is one of the objective questions from the 2022 Post Utme Veritas University Commerce examination.

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