Piecemeal sale of the assets of a division of the company is called ___________.

Modernization

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Diversification

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Both a and b

No worries! We‘ve got your back. Try BYJU‘S free classes today!

None of these

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is D Modernization
b'Piecemeal sale of the assets of a division of the company is called modernization. Modernization of a company refers to the sale of the assets of the company from a division on a piecemeal basis where the assets are sold in an unsystematic manner through partial means over a period of time to modernize the conduct of business by upgrading it through purchase of new assets. '

Suggest Corrections

Similar questions

Which financial statement presents a summary of the Assets, Liabilities, and Shareholders' Fund of a company?

A decrease in which of the following will lead to a decrease in the assets of a company?

This year the New Hampshire Division of Company X set a new record for annual sales by that division. This record is especially surprising since the New Hampshire Division has the smallest potential market and the lowest sales of any of Company X’s divisions.

Which of the following identifies a flaw in the logical coherence of the statement above?

Q. Office equipment is a _________ asset for a computer manufacturer company and ________ asset for a company that deals in these equipments.

Q. A product line strategy wherein a company adds a higher priced product to a line in order to attract a broader market which helps the sale of its existing lower priced products is called ________.

Join BYJU'S Learning Program