Post Utme Aaua 2018 Commerce Question 6

Practice objective / multiple choice question 6 from the 2018 Post Utme Aaua Commerce examination.

Post Utme Aaua 2018 Commerce Objective / Multiple Choice
Question 6 POST_UTME_AAUA • 2018 • COMMERCE • objective

A sole trader's business is not registered with the Corporate Affairs Commission (CAC). What is the legal implication of this?

Answer Options

A. The sole trader is exempt from paying taxes.
B. The sole trader is not liable for any business debts.
Correct Answer C. The sole trader is not entitled to limited liability.
D. The sole trader is not required to file annual returns.
Correct Answer
C
Correct Option:
The sole trader is not entitled to limited liability.

About This Question

This is Post Utme Aaua 2018 Commerce Question 6. It is one of the objective questions from the 2018 Post Utme Aaua Commerce examination.

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