Under the Uniform Transfers to Minors Act (UTMA), a Gift

question 9

True/False

Under the Uniform Transfers to Minors Act (UTMA), a gift to a minor is revocable and can be taken back at any time.

Recognize the importance of delegation and follow-up in management.

Understand the impact of departmentalization on organizational structure.

Acknowledge the importance of adaptability and flexibility for future organizational effectiveness.

Identify the implications of decentralization and centralization on organizational control.