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WAEC Commerce 2017 Question 3

Question 3

Business Units

A business which becomes insolvent may result in

  1. A.continuity.
  2. B.expansion.
  3. C.liquidation.
  4. D.re-incorporation.
Show the answer and explanation

Answer: C (liquidation.)

Explanation

A business that cannot pay its debts may be wound up (liquidated).