Post Utme Uniosun 2019 Commerce Question 34

Practice objective / multiple choice question 34 from the 2019 Post Utme Uniosun Commerce examination.

Post Utme Uniosun 2019 Commerce Objective / Multiple Choice
Question 34 POST_UTME_UNIOSUN • 2019 • COMMERCE • objective

A sole trader's business is registered with the Corporate Affairs Commission (CAC). What is the legal implication of this?

Answer Options

A. The sole trader is exempt from paying taxes.
B. The sole trader is not liable for any business debts.
Correct Answer C. The sole trader's business is recognized by law.
D. The sole trader is not required to keep business records.
Correct Answer
C
Correct Option:
The sole trader's business is recognized by law.

About This Question

This is Post Utme Uniosun 2019 Commerce Question 34. It is one of the objective questions from the 2019 Post Utme Uniosun Commerce examination.

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