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

Assessment: WAEC SSCE - Commerce - 1998 (Objective) Subject: Commerce

Question 1 Report

The management of a company with a view to ending its operation is known as
Answer Details
The management of a company with a view to ending its operation is known as liquidation. It involves selling off all the assets of a company, paying off its debts, and distributing any remaining proceeds to shareholders. Liquidation is usually considered a last resort for companies that are unable to continue operations due to financial difficulties or other reasons. The process is overseen by a liquidator, who is responsible for ensuring that all creditors are paid off and any remaining funds are distributed to shareholders according to their ownership stakes in the company.

Download The App On Google Playstore

Everything you need to excel in your exams

Green Bridge CBT Mobile App
Personalized AI Learning Chat Assistant
200,000+ Exam Questions Across IGCSE, JAMB, WAEC & NECO
Over 3,900 Lesson Notes
Offline Support - Learn Anytime, Anywhere
Green Bridge Timetable
Literature Summaries & Potential Questions
Track Your Performance & Progress
In-depth Explanations for Comprehensive Learning