_____ Is Where a Business Closes and Sells Its Assets

question 45

Multiple Choice

_____ is where a business closes and sells its assets to pay creditors.

• A) Concentration
• B) Diversification
• C) Vertical integration
• D) Liquidation
• E) Strategic alliance

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Definitions:

Corporate Income Tax

Taxes imposed on the income or profit of corporations and other business entities by government authorities.

Outlet Stores

Retail stores that sell products directly from manufacturers at reduced prices, often overstock or discontinued lines.

Return On Total Assets

A measure of the profitability of assets, without regard to the equity of creditors and stockholders in the assets.

Sales

The transactions involving the exchange of goods or services for money, representing a critical source of revenue for businesses.