Post Utme Oau 2018 Commerce Question 37

Practice objective / multiple choice question 37 from the 2018 Post Utme Oau Commerce examination.

Post Utme Oau 2018 Commerce Objective / Multiple Choice
Question 37 POST_UTME_OAU • 2018 • COMMERCE • objective

A company is registered with the Corporate Affairs Commission (CAC) but has not filed its annual returns. What is the implication of this on the company?

Answer Options

A. The company is not required to pay taxes.
B. The company is not a legal entity and cannot sue or be sued.
Correct Answer C. The company is liable to a fine of ₦100,000.
D. The company is not required to have a business name.
Correct Answer
C
Correct Option:
The company is liable to a fine of ₦100,000.

About This Question

This is Post Utme Oau 2018 Commerce Question 37. It is one of the objective questions from the 2018 Post Utme Oau Commerce examination.

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