Which is the most accurate statement?

Multiple Choice

• One big difference between shutting down and going out of business is that after you've shut down you're still paying bills, but when you've gone out of business, there are no more bills to pay.
• When you shut down you must still pay your variable costs, but when you go out of business you have no costs at all.
• There is basically no real difference between shutting down and going out of business.
• Shutting down is a long-run option, while going out of business is a short-run option.