Task: Instance Description Understanding (ontology: Business_Finance/Financial_Industry_Business_Ontology)

Which of the following definitions best describes the instance 'entity expiration reason - disolved'?

A. expiration reason indicating something that is neither due to disolution nor corporate action
B. expiration reason indicating that an entity ceased to operate
C. expiration reason indicating that an entity was acquired or merged with another entity
D. status indicating that the registration has been validated and issued, and which identifies an entity that was operating legally as of the last update

Answer: expiration reason indicating that an entity ceased to operate