_____ Is Where a Business Closes and Sells Its Assets

question 45

Multiple Choice

_____ is where a business closes and sells its assets to pay creditors.

• A) Concentration
• B) Diversification
• C) Vertical integration
• D) Liquidation
• E) Strategic alliance

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Definitions:

State and Federal Income Taxes

Taxes imposed on individuals and businesses by state and the federal government based on the income earned within the tax year.

Necessities

Essential goods or services required for basic living and sustaining human life, often including food, water, shelter, and clothing.

Technology

Inventions or innovations from applied science or engineering research.

Applied Science

The discipline of applying existing scientific knowledge to develop more practical applications, such as technology or inventions.