A(n)_____ Is a Formalized Legal Method to Transfer Some or All

question 11

Multiple Choice

A(n) _____ is a formalized legal method to transfer some or all of the ownership of a business to its employees.

• A) IPO
• B) ESOP
• C) consolidation
• D) termination

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Definitions:

Externality

A consequence of an economic activity experienced by unrelated third parties; can be positive or negative, affecting others not involved in the transaction.

Activity or Transaction

An economic event that involves a transfer or exchange of goods, services, or money between parties.

Environmental Economics

A subfield of economics dealing with the relationship between the economy and the environment, focusing on environmental policies and economic consequences.

Externalities

Economic side effects or consequences that affect uninvolved third parties; can be positive or negative.