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Why is a Schedule of Liquidation prepared?
Corridor Principle
The corridor principle suggests that when entrepreneurs take action and start a journey, they are able to see and access opportunities that were not visible before starting their venture.
Distributive Responsibility
Involves the allocation or sharing of responsibilities, resources, or benefits among various members of a group or society in a fair and equitable manner.
Intuition
The ability to understand or know something immediately based on instincts rather than conscious reasoning.
Serendipity
The occurrence of events by chance in a happy or beneficial way, often leading to unexpected and valuable discoveries.
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