At the collapse of a business enterprises, the person appoin…

JAMB Commerce 2023 198 views
Source: JAMB · 2023

At the collapse of a business enterprises, the person appointed to dispose off the assets is called

  1. an auctioneer
  2. a broker
  3. a liquidator ✓
  4. an auditor
Explanation

When a company collapses, a liquidator is appointed to sell its assets, pay its debts and share what is left among the owners.

An auctioneer only sells goods, a broker links buyers and sellers, and an auditor checks accounts.

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