when a business venture no longer has adequate assets to maintain its operations and can no longer pay its bills as they become due in the usual course of trade and business, it is considered _____.

Respuesta :

An enterprise is deemed insolvent when it no longer has sufficient assets to support its operations and becomes due in the regular course of business.

A new initiative started with the idea of future planning and financial advantage is what is meant by the term "business venture." Because it is typically launched with a modest amount of capital, this form of business is frequently referred to as a small business. A corporation is a type of business that can be organised to produce a profit. This can also be referred to as a tiny business as it typically begins with an idea and has few resources. Usually, this concept is born out of a desire to satisfy consumer demand.

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