Post Utme Aaua 2024 Commerce Question 21

Practice objective / multiple choice question 21 from the 2024 Post Utme Aaua Commerce examination.

Post Utme Aaua 2024 Commerce Objective / Multiple Choice

Question 21 POST_UTME_AAUA • 2024 • COMMERCE • objective

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

A. The sole trader's business is not recognized by the government.

B. The sole trader's business is not entitled to tax deductions.

Correct Answer C. The sole trader's business is not protected by the Companies and Allied Matters Act (CAMA).

D. The sole trader's business is not required to file annual returns.

Correct Answer

Correct Option:

The sole trader's business is not protected by the Companies and Allied Matters Act (CAMA).

This is Post Utme Aaua 2024 Commerce Question 21. It is one of the objective questions from the 2024 Post Utme Aaua Commerce examination.

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