Post Utme Futa 2018 Commerce Question 1

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

Post Utme Futa 2018 Commerce Objective / Multiple Choice

Question 1 POST_UTME_FUTA • 2018 • COMMERCE • objective

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

Correct Answer A. The business is not recognized as a legal entity.

B. The business is not entitled to limited liability.

C. The business is not required to file tax returns.

D. The business is not eligible for government contracts.

Correct Answer

Correct Option:

The business is not recognized as a legal entity.

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

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