The definition of corporate failure is:
A. When a company becomes bankrupt or insolvent
B. The appointment of a receiver or administrator
C. Unclear and ill-defined
D. When a company delists and liquidates
Answer:C
The definition of corporate failure is:
A. When a company becomes bankrupt or insolvent B. The appointment of a receiver or administrator C. Unclear and ill-defined D. When a company delists and liquidates