Post Utme Bsu 2021 Commerce Question 26

Practice objective / multiple choice question 26 from the 2021 Post Utme Bsu Commerce examination.

Post Utme Bsu 2021 Commerce Objective / Multiple Choice

Question 26 POST_UTME_BSU • 2021 • COMMERCE • objective

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

A. The business is not entitled to limited liability.

B. The business is not required to file annual returns.

C. The business is not eligible for tax deductions.

Correct Answer D. The business is not subject to regulatory oversight.

Correct Answer

Correct Option:

The business is not subject to regulatory oversight.

This is Post Utme Bsu 2021 Commerce Question 26. It is one of the objective questions from the 2021 Post Utme Bsu Commerce examination.

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