In terms of administrator's powers, which of the following is true?

The correct choice indicates that an administrator can manage the company according to their evaluation of circumstances. This reflects the role and authority of an administrator in an insolvency situation. Administrators are appointed to manage the affairs of a company that is in financial distress, with the primary objective of rescuing the company or achieving a better result for creditors than liquidation would provide.

This management authority allows the administrator to take necessary actions that they deem appropriate for the company’s situation, which can include making operational decisions, restructuring debts, or negotiating with creditors. Their ability to act based on their assessment of the circumstances is essential in attempting to restore the company's viability or facilitating an orderly wind-down if needed.

In contrast, some of the other options highlight restrictions or limitations that do not accurately represent the powers of an administrator. For instance, the idea that an administrator can only sell assets with creditor approval does not align with their ability to act independently in the best interest of the company during insolvency proceedings. Moreover, the statement suggesting that an administrator can only dismiss senior management misrepresents their broader authority to make various decisions about the company's workforce and structure. Similarly, the claim that an administrator cannot appoint a new director under any conditions overlooks instances where such appointments may be necessary for effective