Answer:
A liquidation.
Explanation:
Liquidation can be described as a process of ending a business. It involves selling off the company entire assets inorder to settle debts.
Liquidation occurs when a company lacks sources of revenue and can no longer function properly, hence there is a need to close up the business and pay off creditors.
Bankruptcy occurs when a company is unable to pay back their outstanding. Filing for bankruptcy helps to company to make different plans on how the various debts incurred will be paid back to the various creditors.
The looking-glass self is a social psychological concept introduced by Charles Horton Cooley in 1902 (McIntyre 2006). The concept of the looking-glass self describes the development of one's self and of one's identity through one's interpersonal interactions within the context of society.
