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      Question

      What does liquidation

      mean?
      A Process of winding up Correct Answer Incorrect Answer
      B To bring business to an end Correct Answer Incorrect Answer
      C Court declaration of inability to pay debts Correct Answer Incorrect Answer
      D Both a & b Correct Answer Incorrect Answer
      E All a b & c Correct Answer Incorrect Answer

      Solution

      The process of bringing a business to an end and distributing its assets to the creditors and thus, settling of claims.

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