The complete termination of a firm as a going business concern is called a
A)merger.
B)repurchase program.
C)liquidation.
D)divestiture.
E)reorganization.

Question

Quizplus · Accepted Answer

Liquidation means the complete termination of a firm as a going concern, involving the sale of assets, payment of debts, and distribution of any remaining assets to shareholders. The other options - merger, repurchase program, divestiture, and reorganization - do not involve the complete termination of the firm.

The Complete Termination of a Firm as a Going Business