Post Utme Bsu 2023 Commerce Question 26

Practice objective / multiple choice question 26 from the 2023 Post Utme Bsu Commerce examination.

Post Utme Bsu 2023 Commerce Objective / Multiple Choice

Question 26 POST_UTME_BSU • 2023 • COMMERCE • objective

A sole trader's business is not registered with the Corporate Affairs Commission (CAC). Which of the following is a consequence of this?

A. The sole trader is not entitled to limited liability.

B. The sole trader is not required to file annual returns.

C. The sole trader's business is not eligible for tax deductions.

Correct Answer D. The sole trader's business is not subject to regulatory oversight.

Correct Answer

Correct Option:

The sole trader's business is not subject to regulatory oversight.

This is Post Utme Bsu 2023 Commerce Question 26. It is one of the objective questions from the 2023 Post Utme Bsu Commerce examination.

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