Post Utme Wellspring University 2024 Commerce Question 22

Practice objective / multiple choice question 22 from the 2024 Post Utme Wellspring University Commerce examination.

Post Utme Wellspring University 2024 Commerce Objective / Multiple Choice

Question 22 POST_UTME_WELLSPRING_UNIVERSITY • 2024 • COMMERCE • objective

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

Answer Options

Correct Answer A. To limit the owner's personal liability

B. To increase the owner's tax liability

C. To simplify the business's financial reporting

D. To reduce the owner's business registration costs

Correct Answer

Correct Option:

To limit the owner's personal liability

About This Question

This is Post Utme Wellspring University 2024 Commerce Question 22. It is one of the objective questions from the 2024 Post Utme Wellspring University Commerce examination.

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