Post Utme Abu 2017 Commerce Question 26

Practice objective / multiple choice question 26 from the 2017 Post Utme Abu Commerce examination.

Post Utme Abu 2017 Commerce Objective / Multiple Choice

Question 26 POST_UTME_ABU • 2017 • COMMERCE • objective

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

Correct Answer A. The business is not entitled to limited liability.

B. The business is not required to file annual returns.

C. The business is not eligible for tax deductions.

D. The business is not required to maintain a separate business bank account.

Correct Answer

Correct Option:

The business is not entitled to limited liability.

This is Post Utme Abu 2017 Commerce Question 26. It is one of the objective questions from the 2017 Post Utme Abu Commerce examination.

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