It is the process of settling the business or partnership affairs.Group of answer choicesDissolutionWinding upTerminationExpiration PreviousNext

The correct answer to the process of settling the business or partnership affairs is Winding up.

Explanation:

Winding up refers to the procedure of concluding the financial affairs and responsibilities of a partnership or business before its closure. This process involves liquidating assets, discharging debts, and distributing any remaining assets among partners or shareholders.

• Dissolution refers to the formal ending or breaking up of a partnership or business.
• Termination may imply that a particular agreement or contract is ending, but it does not encompass the complete process of settling affairs.
• Expiration usually pertains to the end of a specific term or duration but does not necessarily involve the settlement of business affairs.

Thus, if you're looking for the process that specifically involves the settling of affairs, "Winding up" is the most appropriate choice.