____________ happens when the assets of the business are simply sold for whatever value obtainable.

Question

Quizplus · Accepted Answer

Retrenchment via Liquidation is the process of selling off the assets of a business in order to pay off its debts and obligations. This is done when there is no hope of turning the business around or there are no interested buyers for the company as a whole. The assets are sold for whatever value can be obtained, which may be less than their actual worth. This results in the company being dissolved and its operations coming to an end.

____________ Happens When the Assets of the Business Are Simply