Examlex
In the accompanying figure, item 1 points to the ____.
Bankruptcy
A legal process involving a person or business that is unable to repay outstanding debts, resulting in the distribution of assets to creditors and possibly leading to the discharge of debts.
Liquidation
The process of closing a business and distributing its assets to claimants, typically during insolvency, paying creditors, and shareholders if funds remain.
Reorganization
The process of restructuring a company's business or legal structures for efficiency, to recover from financial distress, or to better align with strategic goals.
Decreasing Expenses
The process of reducing the costs incurred by a business in order to increase profitability.
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