At the collapse of a business enterprises, the person appointed to dispose off the assets is called ____________
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Correct Answer: Option C
Explanation:
A liquidator is a person appointed to wind up the affairs of a business that is being dissolved. The liquidator takes control of the assets, disposes of them where necessary, settles outstanding liabilities, and distributes any remaining assets according to the law.
A liquidator is a person appointed to wind up the affairs of a business that is being dissolved. The liquidator takes control of the assets, disposes of them where necessary, settles outstanding liabilities, and distributes any remaining assets according to the law.