Post Utme Unn 2018 Commerce Question 36

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

Post Utme Unn 2018 Commerce Objective / Multiple Choice

Question 36 POST_UTME_UNN • 2018 • 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?

Correct Answer A. The sole trader's business is not entitled to limited liability.

B. The sole trader's business is not subject to taxation.

C. The sole trader's business is not required to file annual returns.

D. The sole trader's business is not eligible for government contracts.

Correct Answer

Correct Option:

The sole trader's business is not entitled to limited liability.

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

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