A Harvest Plan

question 16

Multiple Choice

A harvest plan

• A)is similar to a will.
• B)defines when and how business owners will realize a cash return on investment.
• C)leaves the business to the next generation.
• D)is simple to implement.

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Definitions:

Disclosure

The act of making new or secret information known or a process in psychology where an individual shares their personal, often confidential, information with others.

Illegitimate Practices

Activities or operations within an organization or entity that are unethical, illegal, or not sanctioned by official policies or societal norms.

Ethical Blind Spots

Situations or contexts where individuals fail to notice the ethical implications of their decisions or actions, often due to cognitive biases.

Organizational Politics

The use and manipulation of power within an organization to achieve specific goals or outcomes.