Post Utme Babcock University 2022 Commerce Question 1

Practice objective / multiple choice question 1 from the 2022 Post Utme Babcock University Commerce examination.

Post Utme Babcock University 2022 Commerce Objective / Multiple Choice
Question 1 POST_UTME_BABCOCK_UNIVERSITY • 2022 • 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?

Answer Options

A. The sole trader's business is not liable to pay taxes.
B. The sole trader's business is not entitled to issue receipts.
C. The sole trader's business is not required to keep financial records.
Correct Answer D. The sole trader's business is not protected by law.
Correct Answer
D
Correct Option:
The sole trader's business is not protected by law.

About This Question

This is Post Utme Babcock University 2022 Commerce Question 1. It is one of the objective questions from the 2022 Post Utme Babcock University Commerce examination.

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