Which of the following is the most extreme type of financial distress for a business?
A) Business failure
B) Economic failure
C) Technical insolvency
D) Business extension

Question

Quizplus · Accepted Answer

Business failure is the most extreme type of financial distress for a business, as it signifies the cessation of operations due to financial reasons, inability to repay debts, and ultimately leading to liquidation or bankruptcy.

Which of the Following Is the Most Extreme Type of Financial