If a Business Ceases Operations and Liquidates,which of the Following

question 97

Multiple Choice

If a business ceases operations and liquidates,which of the following will be paid last?

• A)Owners.
• B)General creditors.
• C)Employees.
• D)Creditors who have collateral for their loans.

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Definitions:

Psychological Term

A word or phrase used to describe a concept within the field of psychology.

Maladaptive Personality Traits

Maladaptive Personality Traits are characteristics that negatively affect an individual's ability to function in various life domains, including work, relationships, and mental health.

Psychological Discomfort

A state of emotional or mental uneasiness, distress, or suffering that arises from various sources including stress, anxiety, or cognitive dissonance.

Functioning Well

Operating or performing in an effective and efficient manner according to expected standards or benchmarks.