An industrial company which has at the end of any financial year accumulated losses greater than its net worth is said to be _______________.

Bankrupt

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Sick

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Weak

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Both (A) and (C) above

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None of the above

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Solution

The correct option is C Sick
Sick industrial company is company registered for not less than five years which has to the end of any financial year, accumulated losses equals to or exceeding its entire net worth.

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