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Business Failure

Authored by Julie Ward

Social Studies

9th Grade

Used 77+ times

Business Failure
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Another name for a business not having enough funds

Business Loan

Financial Accounting

Undercapitalisation

Liquidation

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a type of business failure

Voluntary Cessation

Partnership

Bankruptcy Order

Realisation

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When a business is forced to stop trading by creditors

Bankruptcy

Voluntary Cessation

Liquidation

Involuntary Cessation

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Is when a business is declared unable to pay their debts

Voluntary Administration

Bankruptcy

Voluntary Cessation

Business Closure

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The process of converting a business's assets into cash

Realisation

Voluntary Administration

Bankruptcy order

Cessation

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Is the process of bringing a business to an end and distributing its assets to claimants.

Realisation

Cessation

Liquidation

Administration

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An independent administrator is appointed to operate a business in the hope of trading out of its present financial problems

Bankruptcy

Voluntary Cessation

Liquidation

Voluntary Administration

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