An Endgame Strategy in Which the Owner Closes Down a Business

question 34

Multiple Choice

An endgame strategy in which the owner closes down a business is called:

• A) IPO.
• B) ESOP.
• C) consolidation.
• D) termination.

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Definitions:

Checking Account

A bank account from which money can be withdrawn or deposited, often used for daily transactions such as paying bills or receiving payroll deposits.

Drawer

The maker of a draft.

Drawee

The party, typically a bank or financial institution, upon whom a cheque or draft is drawn and is responsible for paying the specified amount to the holder or bearer of the instrument.

Payees

Individuals or entities to whom money is to be paid or is owed.