Post Utme Madonna University 2020 Commerce Question 31

Practice objective / multiple choice question 31 from the 2020 Post Utme Madonna University Commerce examination.

Post Utme Madonna University 2020 Commerce Objective / Multiple Choice
Question 31 POST_UTME_MADONNA_UNIVERSITY • 2020 • COMMERCE • objective

A sole trader's business is not registered with the Corporate Affairs Commission (CAC). Which of the following is a consequence of this?

Answer Options

A. The sole trader is not liable for any business debts.
B. The sole trader's business is not entitled to any tax relief.
Correct Answer C. The sole trader's business is not required to file annual returns.
D. The sole trader's business is not entitled to any government contracts.
Correct Answer
C
Correct Option:
The sole trader's business is not required to file annual returns.

About This Question

This is Post Utme Madonna University 2020 Commerce Question 31. It is one of the objective questions from the 2020 Post Utme Madonna University Commerce examination.

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