The Separation of Certain Assets from a Firm to Create

question 39

Short Answer

The separation of certain assets from a firm to create a new entity under essentially the same ownership as before is known as a __________________.

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Definitions:

Chairperson

The leader or presiding officer of a meeting, organization, committee, or board.

Business Communication

The sharing of information between people within an organization and with those outside it, conducted for the commercial benefit of the organization.

Memo

A written communication, usually brief and formal, used to convey information or instructions within an organization.

Gathering

The action of bringing together people or collecting things.