Liquidation is a means by which a financially troubled company can continue to operate while its financial affairs are put on a sounder basis.

Name: Liquidation is a means by which a financially troubled company can continue to operate while its financial affairs are put on a sounder basis.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Liquidation is actually the process of selling a company's assets to raise funds to pay off its debts and creditors, ultimately leading to the company's closure. It is not a way to continue operations.

Liquidation Is a Means by Which a Financially Troubled Company