O-LevelCommerceBusiness enterprise7100/12 · May/June 2023 · Q331 Mark

The liability of a sole trader is

Alimited by the capital raised from family members.

Blimited by the value imposed by a judge in court.

Cunlimited so personal assets are at risk.

Dunlimited up to the value of capital employed in the business.

✓ Correct answer

C: unlimited so personal assets are at risk.

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Topic: Business enterprise, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source: O-Level Commerce, May/June 2023 Paper 1 Variant 2, question 33.

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