Post Utme Veritas University 2024 Commerce Question 14

Practice objective / multiple choice question 14 from the 2024 Post Utme Veritas University Commerce examination.

Post Utme Veritas University 2024 Commerce Objective / Multiple Choice
Question 14 POST_UTME_VERITAS_UNIVERSITY • 2024 • COMMERCE • objective

A sole trader operates a business from a rented shop. The sole trader's business is not registered with the Corporate Affairs Commission. Which of the following is the sole trader's legal obligation?

Answer Options

Correct Answer A. To register the business with the Corporate Affairs Commission
B. To obtain a business license from the local government
C. To pay taxes on the business income
D. To maintain accurate financial records
Correct Answer
A
Correct Option:
To register the business with the Corporate Affairs Commission

About This Question

This is Post Utme Veritas University 2024 Commerce Question 14. It is one of the objective questions from the 2024 Post Utme Veritas University Commerce examination.

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