Post Utme Futa 2023 Commerce Question 16

Practice objective / multiple choice question 16 from the 2023 Post Utme Futa Commerce examination.

Post Utme Futa 2023 Commerce Objective / Multiple Choice

Question 16 POST_UTME_FUTA • 2023 • 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 sole trader is exempt from paying taxes.

B. The sole trader is not liable for any business debts.

Correct Answer C. The sole trader's business is not recognized by law.

D. The sole trader cannot sue or be sued in a court of law.

Correct Answer

Correct Option:

The sole trader's business is not recognized by law.

This is Post Utme Futa 2023 Commerce Question 16. It is one of the objective questions from the 2023 Post Utme Futa 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