Post Utme Al Hikmah University 2023 Commerce Question 36

Practice objective / multiple choice question 36 from the 2023 Post Utme Al Hikmah University Commerce examination.

Post Utme Al Hikmah University 2023 Commerce Objective / Multiple Choice

Question 36 POST_UTME_AL-HIKMAH_UNIVERSITY • 2023 • 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's business is not recognized by law.

D. The sole trader is not required to keep business records.

Correct Answer

Correct Option:

The sole trader's business is not recognized by law.

About This Question

This is Post Utme Al Hikmah University 2023 Commerce Question 36. It is one of the objective questions from the 2023 Post Utme Al Hikmah University Commerce examination.

View More Post Utme Al Hikmah University 2023 Commerce Questions More Post Utme Al Hikmah University Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows

Chat with Support