The Complete Termination of a Firm as a Going Business

question 54

Multiple Choice

The complete termination of a firm as a going business concern is called a

• A)merger.
• B)repurchase program.
• C)liquidation.
• D)divestiture.
• E)reorganization.

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Definitions:

Lifespan

The duration of time an organism, object, or process exists or functions until it ceases to do so.

Salmon Flies

Artificial fishing baits designed to imitate the adult form of salmon flies used in fly fishing.

Population

The entire group of individuals or instances about whom the research is concerned and to which the results of studies are intended to be generalized.

Annual Rainfall

A meteorological measurement indicating the total amount of precipitation received over a year in a given area.