Post Utme Unilorin 2021 Commerce Question 6

Practice objective / multiple choice question 6 from the 2021 Post Utme Unilorin Commerce examination.

Post Utme Unilorin 2021 Commerce Objective / Multiple Choice
Question 6 POST_UTME_UNILORIN • 2021 • COMMERCE • objective

A sole trader's business is not registered with the Corporate Affairs Commission (CAC). What is the legal implication of this?

Answer Options

A. The business is not liable for any debts incurred.
Correct Answer B. The business is not entitled to limited liability.
C. The business is not required to file annual returns.
D. The business is not eligible for tax relief.
Correct Answer
B
Correct Option:
The business is not entitled to limited liability.

About This Question

This is Post Utme Unilorin 2021 Commerce Question 6. It is one of the objective questions from the 2021 Post Utme Unilorin Commerce examination.

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