Spontaneous Financing Refers To

question 80

Multiple Choice

Spontaneous financing refers to:

• A)financing provided by accounts payable and accrued liabilities
• B)line of credit agreements
• C)revolving credit agreements
• D)none of the above

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Definitions:

Liquidation

What occurs when a business closes and sells its assets to pay creditors.

Closing Operations

The process of shutting down business activities and ceasing operations, often involving selling assets, paying off debts, and distributing remaining funds to owners or shareholders.

Selling Assets

The act of disposing of assets, such as property, equipment, or investments, for the purpose of liquidity, capital, or to reduce debt.

Renewal Strategy

A plan aimed at reviving a company or brand to stimulate growth, often through innovation, rebranding, or restructuring efforts.