Post Utme Bowen University 2020 Commerce Question 21

Practice objective / multiple choice question 21 from the 2020 Post Utme Bowen University Commerce examination.

Post Utme Bowen University 2020 Commerce Objective / Multiple Choice
Question 21 POST_UTME_BOWEN_UNIVERSITY • 2020 • 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 business is not entitled to limited liability.
B. The business is not required to file annual returns.
Correct Answer C. The business is not subject to company law.
D. The business is not entitled to issue share certificates.
Correct Answer
C
Correct Option:
The business is not subject to company law.

About This Question

This is Post Utme Bowen University 2020 Commerce Question 21. It is one of the objective questions from the 2020 Post Utme Bowen University Commerce examination.

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