Post Utme Mountain Top University 2020 Commerce Question 11

Practice objective / multiple choice question 11 from the 2020 Post Utme Mountain Top University Commerce examination.

Post Utme Mountain Top University 2020 Commerce Objective / Multiple Choice
Question 11 POST_UTME_MOUNTAIN_TOP_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

Correct Answer A. The sole trader's business is not entitled to limited liability.
B. The sole trader's business is not required to file annual returns.
C. The sole trader's business is not eligible for tax deductions.
D. The sole trader's business is not subject to regulatory oversight.
Correct Answer
A
Correct Option:
The sole trader's business is not entitled to limited liability.

About This Question

This is Post Utme Mountain Top University 2020 Commerce Question 11. It is one of the objective questions from the 2020 Post Utme Mountain Top University Commerce examination.

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