Spell Out the Listed Abbreviation in the Space Provided

question 1

Short Answer

Spell out the listed abbreviation in the space provided
-bid

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Definitions:

Liquidation

The process of converting assets into cash or other forms of payment to settle debts or obligations of a business.

Partnership

A formal business structure where multiple individuals are involved in managing the enterprise and also share the profits.

Assets

Resources a business owns.

Partnership

A legal and business relationship between two or more individuals who join together to conduct a business. Each partner contributes resources and shares the profits and losses.