A Process Map Shows a Circle with a Letter or Number

question 53

Multiple Choice

A process map shows a circle with a letter or number in the middle.This symbol is used to show:

• A)That there is a break in the process.
• B)That there is a decision to be made.
• C)That a process is starting.
• D)That there is an activity that will take place.

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Definitions:

Trade Creditors

Entities to whom money is owed for goods and services provided on credit as part of normal business operations.

Liquidator's Remuneration

The compensation paid to a liquidator for their services in administrating the process of winding up a company's affairs and distributing its assets.

Liquidation Account

An account created to collect transactions and balances during the process of liquidating or winding up a company.

Liquidator's Distribution

The process of distributing assets held by a company under liquidation to its creditors and shareholders.