The ________ Is a Transfer of Ownership Strategy for an Owner

question 50

Multiple Choice

The ________ is a transfer of ownership strategy for an owner to transfer the company to his/her children while retaining control over it him/herself.

• A)grantor-retained annuity trust
• B)family limited partnership
• C)revocable trust
• D)estate freeze

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Definitions:

Top-down Change

An approach to organizational change where decisions and initiatives are initiated by higher-level management and disseminated downwards through the hierarchy.

Senior Staff

Employees who hold high-ranking positions within an organization, often responsible for decision-making and strategic planning.

Major Redirection

Significant strategic or operational shifts undertaken by an organization to address changing circumstances, challenges, or opportunities.

Lower-level Employees

Workers who operate at the base of an organizational hierarchy, often performing specific, operational tasks rather than holding managerial or strategic roles.