This question requires candidates to explain the meaning of administration.

8–10 marks 
A good explanation of the meaning and effect of administration generally and contrasting its purpose with that of compulsory winding up and explaining its rules.

5–7 marks 
Fair explanation of the process of administration, perhaps lacking in detail or focusing on only certain aspects of the procedure.

2–4 marks 
Some, if little, explanation of administration, but perhaps too general or lacking in any detail, or alternatively very unbalanced.

0–1 mark 
Little or no knowledge of the topic.