Post Utme Madonna University 2024 Commerce Question 11

Practice objective / multiple choice question 11 from the 2024 Post Utme Madonna University Commerce examination.

Post Utme Madonna University 2024 Commerce Objective / Multiple Choice
Question 11 POST_UTME_MADONNA_UNIVERSITY • 2024 • COMMERCE • objective

A sole trader's business is registered under the Companies and Allied Matters Act (CAMA) 2020. What is the primary advantage of registering under CAMA?

Answer Options

A. Limited liability
Correct Answer B. Separate legal entity
C. Easy registration process
D. No requirement for annual returns
Correct Answer
B
Correct Option:
Separate legal entity

About This Question

This is Post Utme Madonna University 2024 Commerce Question 11. It is one of the objective questions from the 2024 Post Utme Madonna University Commerce examination.

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