WAEC Commerce 2013 Objective — Question 44
Question 44 of 50 from the West African Examinations Council (WAEC) Commerce 2013 Objective paper, with the correct answer and a full explanation.
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The process of winding up a public limited company by a court order is known as
- A. termination
- B. dissolution
- C. voluntary liquidation
- D. compulsory liquidationCorrect
Explanation
When a court give order to wind-up a company, such is referred to as compulsory liquidation.
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