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WAEC Commerce 1998 Question 56

Question 56

Business Units

The management of a company with a view to ending its operation is known as

  1. A.low gearing
  2. B.high gearing
  3. C.liquidation
  4. D.horizontal integration
  5. E.vertical integration
Show the answer and explanation

Answer: C (liquidation)

Explanation

Liquidation (winding up) ends a company's existence.