WAEC Commerce 2024 Objective — Question 9
Question 9 of 50 from the West African Examinations Council (WAEC) Commerce 2024 Objective paper, with the correct answer and a full explanation.
Advertisement
9. A disadvantage of a sole trader is that he A.
- A. pays tax to government.
- B. has limited liability.
- C. has unlimited liability.Correct
- D. does not share profit with others.
Explanation
The sole trader in most cases, has unlimited liability in the case of liquidation, his personal property can be used to pay up debt.
Advertisement
Sign up free to unlock
- Score tracking
- Practice history
- Saved questions
- Progress dashboard
- Personalized sessions
- Weak-topic breakdown
…and/or go further with premium services and No Ads.