Liquidation is the process of selling off a business to someone else where it will continue as an ongoing business.

Name: Liquidation is the process of selling off a business to someone else where it will continue as an ongoing business.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Liquidation is actually the process of selling off a business's assets in order to pay off its debts and then closing the business down completely. It is not the same as selling a business as an ongoing concern.

Liquidation Is the Process of Selling Off a Business to Someone