Post Utme Bsu 2018 Commerce Question 1

Practice objective / multiple choice question 1 from the 2018 Post Utme Bsu Commerce examination.

Post Utme Bsu 2018 Commerce Objective / Multiple Choice

Question 1 POST_UTME_BSU • 2018 • COMMERCE • objective

A sole trader's business is registered under the Companies and Allied Matters Act 2020. What is the primary implication of this registration?

A. The sole trader is now a company

B. The sole trader is exempt from tax

C. The sole trader's business is now a partnership

Correct Answer D. The sole trader's business is now a limited liability company

Correct Answer

Correct Option:

The sole trader's business is now a limited liability company

This is Post Utme Bsu 2018 Commerce Question 1. It is one of the objective questions from the 2018 Post Utme Bsu Commerce examination.

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