Post Utme Lautech 2020 Commerce Question 6

Practice objective / multiple choice question 6 from the 2020 Post Utme Lautech Commerce examination.

Post Utme Lautech 2020 Commerce Objective / Multiple Choice
Question 6 POST_UTME_LAUTECH • 2020 • 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 liable for its debts.
Correct Answer B. The business is not entitled to limited liability.
C. The business is not required to file annual returns.
D. The business is not entitled to issue share certificates.
Correct Answer
B
Correct Option:
The business is not entitled to limited liability.

About This Question

This is Post Utme Lautech 2020 Commerce Question 6. It is one of the objective questions from the 2020 Post Utme Lautech Commerce examination.

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