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In the public sector, organisations must make decisions about how units should provide best- value services. What is the equivalent to this type of strategy in a commercial organisation?
Petition
A formally drafted plea, often endorsed by numerous individuals, urging those in power to consider a specific issue.
Bankrupt Estate
The total assets of a person or entity that are available for distribution among creditors after declaring bankruptcy.
Proof of Claim
A written statement filed by a creditor in a bankruptcy case stating the amount owed by the debtor.
Creditors
Individuals or entities that are owed money by debtors, typically arising from financial obligations like loans or credit agreements.
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