Concept:When a business collapses, a liquidator is the officer appointed to wind up its affairs and dispose of its assets.
Explanation:A liquidator is legally empowered to take control of a collapsed company's property.
The liquidator's main duty is to sell the business assets and convert them into cash.
The cash realised is then used to pay off the company's creditors and other obligations.
The appointment may be made by the court, the creditors, or the shareholders of the company.
An auctioneer merely conducts public sales of goods on behalf of others.
A broker simply acts as an intermediary in commercial transactions, such as buying and selling goods or financial securities.
An auditor reviews and verifies the financial statements of a business but does not dispose of its assets.
Only a liquidator possesses the authority to oversee the whole dissolution process and distribute the proceeds.
Hence, the person appointed to dispose of assets at the collapse of a business enterprise is the liquidator.
Answer:C. A liquidator