Post Utme Oau 2018 Commerce Question 36

Practice objective / multiple choice question 36 from the 2018 Post Utme Oau Commerce examination.

Post Utme Oau 2018 Commerce Objective / Multiple Choice

Question 36 POST_UTME_OAU • 2018 • 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?

A. The business is not required to file annual returns.

B. The business is not required to pay taxes.

Correct Answer C. The business is not a legal entity and cannot sue or be sued.

D. The business is not required to have a business name.

Correct Answer

Correct Option:

The business is not a legal entity and cannot sue or be sued.

This is Post Utme Oau 2018 Commerce Question 36. It is one of the objective questions from the 2018 Post Utme Oau Commerce examination.

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