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:

Lowest Cost Supplier

A supplier that offers products or services at the lowest price compared to competitors, often sought after to reduce expenses in the supply chain.

Definitions Of Quality

Various perspectives and metrics used to evaluate the characteristics and performance of products, services, or processes against set standards.

User-Based

Designates products, services, or systems that are developed with a focus on the end-users' needs and usability.

Manufacturing-Based

A perspective or approach that focuses primarily on production processes and efficiencies in product creation.