When a firm decides to close its business, it is said to be _________.

Reconstituted

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Dissolved

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Either Reconstituted or Dissolved

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None of these

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Solution

The correct option is B
Dissolved

When a firm decides to close its business, it is said to be dissolved

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Similar questions

When two or more firms come together to create a new business entity that is legally separate and distinct from its parents it is known as___ .

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