Post Utme Ui 2024 Commerce Question 31

Practice objective / multiple choice question 31 from the 2024 Post Utme Ui Commerce examination.

Post Utme Ui 2024 Commerce Objective / Multiple Choice

Question 31 POST_UTME_UI • 2024 • 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?

A. The sole trader cannot claim tax relief on business expenses.

B. The sole trader is not required to keep a separate business bank account.

Correct Answer C. The sole trader's business is not protected from personal liability.

D. The sole trader cannot employ staff.

Correct Answer

Correct Option:

The sole trader's business is not protected from personal liability.

This is Post Utme Ui 2024 Commerce Question 31. It is one of the objective questions from the 2024 Post Utme Ui Commerce examination.

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