Which Is Not a Common Method of Transferring the Business

question 19

Multiple Choice

Which is not a common method of transferring the business to family members?

• A) Life line
• B) Purchase and sale of the business
• C) Will
• D) Joint ownership

---

Definitions:

Universal Laws

Fundamental principles or rules that are believed to govern the universe and everything within it, transcending culture and personal beliefs.

Utilitarianism

A moral theory that suggests that the best action is the one that maximizes utility, usually defined as that which produces the greatest well-being of the greatest number of people.

Corporate Codes

Guidelines and standards established by businesses to govern the behavior and actions of their employees and ensure ethical practices.

Vague

Lacking clarity or precision in thought, expression, or meaning, often intentionally to avoid commitment or to leave something open to interpretation.