Which of the Following Is the Term for the Activity

question 39

Multiple Choice

Which of the following is the term for the activity of completing unfinished partnership business,collecting and paying debts,collecting partnership assets,and taking inventory?

• A) Closing up
• B) Winding up
• C) Delineating
• D) Reallocating
• E) Terminating

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Definitions:

Tasks

Specific pieces of work or activities assigned to an individual or a group to be completed.

Delays

Periods of time by which something is late or postponed.

Project Management

The discipline of initiating, planning, executing, controlling, and closing the work of a team to achieve specific goals and meet specific success criteria.

Contingencies

Events or conditions that might occur in the future and can affect the outcome of plans.