Paul Is Approaching Retirement and Has Decided to Siphon Off

question 56

Multiple Choice

Paul is approaching retirement and has decided to siphon off funds from his company rather than sell it. From his perspective, the advantage of systematically withdrawing cash from the firm is

• A) retaining control.
• B) preserving cash for later reinvestment.
• C) greater latitude in seeking out a buyer for the firm.
• D) increasing long-term returns from the business.

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Definitions:

Restriction Enzymes

Proteins used by bacteria to cut DNA at specific sites, widely used in molecular biology for gene cloning.

Bacteria

Single-celled microorganisms that can exist either as independent organisms or as parasites, with some capable of causing diseases.

Viral DNA

The genetic material of a virus encoded in DNA rather than RNA, which the virus inserts into host cells to replicate and produce new viral particles.