In a _____ the assets of a firm are sold to another business,with the proceeds used to pay off the firm's remaining debts,and perhaps leaving the owner some small profit.

Question

Quizplus · Accepted Answer

A sell off involves selling the assets of a firm to pay off debts and potentially make a small profit for the owner. A workout typically refers to a financial restructuring to avoid bankruptcy, while a pass off and succession involve transferring ownership to another party without necessarily selling all assets.

In a _____ the Assets of a Firm Are Sold