Post Utme Babcock University 2018 Commerce Question 11

Practice objective / multiple choice question 11 from the 2018 Post Utme Babcock University Commerce examination.

Post Utme Babcock University 2018 Commerce Objective / Multiple Choice

Question 11 POST_UTME_BABCOCK_UNIVERSITY • 2018 • COMMERCE • objective

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

Answer Options

A. The business is not liable for any debts incurred.

B. The business is not entitled to claim any tax relief.

Correct Answer C. The business is not required to file annual returns with the CAC.

D. The business is not entitled to use the words 'Limited' or 'Ltd' in its name.

Correct Answer

Correct Option:

The business is not required to file annual returns with the CAC.

About This Question

This is Post Utme Babcock University 2018 Commerce Question 11. It is one of the objective questions from the 2018 Post Utme Babcock University Commerce examination.

View More Post Utme Babcock University 2018 Commerce Questions More Post Utme Babcock 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