Post Utme Joseph Ayo Babalola University 2021 Commerce Question 11

Practice objective / multiple choice question 11 from the 2021 Post Utme Joseph Ayo Babalola University Commerce examination.

Post Utme Joseph Ayo Babalola University 2021 Commerce Objective / Multiple Choice

Question 11 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2021 • COMMERCE • objective

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

Answer Options

A. The business is not required to file annual returns with the CAC.

B. The business is not required to pay annual fees to the CAC.

Correct Answer C. The business is not entitled to limited liability.

D. The business is not entitled to issue share certificates.

Correct Answer

Correct Option:

The business is not entitled to limited liability.

About This Question

This is Post Utme Joseph Ayo Babalola University 2021 Commerce Question 11. It is one of the objective questions from the 2021 Post Utme Joseph Ayo Babalola University Commerce examination.

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