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A  disadvantage of a sole trader is that they pay 

Commerce
WAEC 2024

A  disadvantage of a sole trader is that they pay 

  • A. pay tax to the government
  • B. has limited liability
  • C. has unlimited liability
  • D. does not share profit with others
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Correct Answer: Option C
Explanation

the sole trader, in most cases, has unlimited liability. In the case of liquidation, his personal property can be used to pay up debts.

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Your School's Whatsapp Group - Join Us now
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post UTME Past Questions Agent
Post UTME Past Questions Agent
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Your School's Whatsapp Group - Join Us now