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 – a liquidator

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.