At the collapse of a business enterprises, the person appointed to dispose off the assets is called ________?
- an auctioneer
- a broker
-
a liquidator
- an auditor
The correct answer is: 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.