At the collapse of a business enterprises, the person appointed to dispose off the assets is called ?
-
A.
an auctioneer -
B.
a broker -
C.
a liquidator -
D.
an auditor
Correct Answer: Option C
Explanation
A liquidator is a person appointed to wind up the affairs of a company or firm. A person assigned to supervise the liquidation of a business concern and whose legal authorization, rights, and duties differ according to whether the liquidation is compulsory or voluntary.