Post Utme Esut 2021 Commerce Question 31

Practice objective / multiple choice question 31 from the 2021 Post Utme Esut Commerce examination.

Post Utme Esut 2021 Commerce Objective / Multiple Choice
Question 31 POST_UTME_ESUT • 2021 • 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?

Answer Options

A. The business cannot be sued in court.
B. The business cannot be taxed by the government.
Correct Answer C. The business cannot obtain a loan from a bank.
D. The business cannot employ staff.
Correct Answer
C
Correct Option:
The business cannot obtain a loan from a bank.

About This Question

This is Post Utme Esut 2021 Commerce Question 31. It is one of the objective questions from the 2021 Post Utme Esut Commerce examination.

View More Post Utme Esut 2021 Commerce Questions More Post Utme Esut Practice Questions Back to Questions

Master the Exam!

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