Ali, a Small Business Owner, Is Concerned About Passing the Business

question 144

Multiple Choice

Ali, a small business owner, is concerned about passing the business to his heirs after his retirement or death. He should prepare a formal _____ plan.

• A) retirement contingency
• B) business
• C) succession
• D) liquidation
• E) franchising

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Definitions:

Military Involvement

Participation or engagement of military forces in various operations, which could include conflict, peacekeeping, or humanitarian missions.

Domestic Law Enforcement

This term refers to police and other government agencies that are responsible for maintaining public order and enforcing laws within a country's borders.

Personal Ethics

Individual principles and values that guide a person's behavior and decision-making.

Law Enforcement Ethics

The moral guidelines and principles that govern the actions and decisions of individuals working in law enforcement agencies.