Question on: JAMB Commerce - 2023
At the collapse of a business enterprises, the person appointed to dispose off the assets is called
A
an auctioneer
B
an auditor
C
a broker
D
a liquidator
Ask EduPadi AI for a detailed answer
Correct Option: D
A liquidator is appointed when a business enterprise collapses or goes into liquidation. The liquidator's role is to oversee the process of winding up the company, which includes selling off assets to pay creditors and distributing any remaining funds to shareholders.
Add your answer
Please share this, thanks!
No responses