Post Utme Lautech 2019 Commerce Question 11

Practice objective / multiple choice question 11 from the 2019 Post Utme Lautech Commerce examination.

Post Utme Lautech 2019 Commerce Objective / Multiple Choice
Question 11 POST_UTME_LAUTECH • 2019 • COMMERCE • objective

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

Answer Options

Correct Answer A. The business is not entitled to limited liability.
B. The business is not required to file annual returns.
C. The business is not eligible for tax deductions.
D. The business is not required to have a business name.
Correct Answer
A
Correct Option:
The business is not entitled to limited liability.

About This Question

This is Post Utme Lautech 2019 Commerce Question 11. It is one of the objective questions from the 2019 Post Utme Lautech Commerce examination.

View More Post Utme Lautech 2019 Commerce Questions More Post Utme Lautech 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