A Spin-Off Is A(an)

question 47

Multiple Choice

A spin-off is a(an) :
I.new company;
II.independent company;
III.company formed by detaching part of a parent firm's assets and operations

• A)I only
• B)II only
• C)I and II only
• D)I,II,and III

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Definitions:

Beneficiary

A person designated to receive benefits from an insurance policy, trust, or will upon certain conditions, such as the death of the policyholder.

Patent Holder

An individual or entity that legally owns the rights to an invention or process granted by a patent.

Patent Pending

A status indicating that a patent application has been filed but not yet granted.

Legal Significance

The importance or consequence of a legal matter, decision, or concept in the context of the law.