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Lusaka Foodies Ltd is not performing too well. New agricultural policies have seriouslyaffected the net turnover. According to the numbers, however, there is a viable

Lusaka Foodies Ltd is not performing too well. New agricultural policies have seriouslyaffected the net turnover. According to the numbers, however, there is a viable chancefor it to be revived but there is much pressure from stakeholders to wrap up business.REQUIRED:A. Would business administration apply in this scenario? Explain why or why not.[5 MARKS]B. If compulsory winding up were to take place, what is the procedure? [10 MARKS]C. Distinguish (II) above from voluntary winding up procedures. [5 MARKS]D. In terms of the Zambian laws, what is the major problem as regards liquidationproceedings? [5 MARKS][TOTAL: 25 MARKS]

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