In simplistic terms, if a business goes into liquidation it means: The business stops trading with immediate effect. The employees are all made redundant. The assets of the business are sold to pay creditors.
What Is a Path? A file system stores and organizes files on some form of media, generally one or more hard drives, in such a way that they can be easily retrieved. Most file systems in use today store the files in a tree (or hierarchical) structure. At the top of the tree is one (or more) root nodes.
A system is a general set of parts, steps, or components that are connected to form a more complex whole. For example, a computer system contains processors, memory, electrical pathways, a power supply, etc. For a very different example, a business is a system made up of methods, procedures, and routines.