Post Utme Madonna University 2019 Commerce Question 6

Practice objective / multiple choice question 6 from the 2019 Post Utme Madonna University Commerce examination.

Post Utme Madonna University 2019 Commerce Objective / Multiple Choice
Question 6 POST_UTME_MADONNA_UNIVERSITY • 2019 • COMMERCE • objective

A sole trader's business is not required to register with the Corporate Affairs Commission (CAC) if its annual turnover is less than ₦5 million. Which of the following is a correct statement regarding the registration of a sole trader's business?

Answer Options

A. A sole trader's business is required to register with the CAC if its annual turnover is more than ₦5 million.
Correct Answer B. A sole trader's business is not required to register with the CAC if its annual turnover is less than ₦5 million.
C. A sole trader's business is required to register with the CAC if it has more than 10 employees.
D. A sole trader's business is not required to register with the CAC if it has more than 10 employees.
Correct Answer
B
Correct Option:
A sole trader's business is not required to register with the CAC if its annual turnover is less than ₦5 million.

About This Question

This is Post Utme Madonna University 2019 Commerce Question 6. It is one of the objective questions from the 2019 Post Utme Madonna University Commerce examination.

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