Mohammed is approaching retirement and has decided to siphon off funds from his company rather than sell it.From his perspective, the advantage of systematically withdrawing cash from the business is:

Question

Quizplus · Accepted Answer

By systematically withdrawing funds from the business, Mohammed can retain control of the company rather than selling it to someone else. This may be important to him if he values the legacy of his company or wants to maintain a certain level of involvement in its operations. The other options do not necessarily apply to systematically withdrawing funds from the business.

Mohammed Is Approaching Retirement and Has Decided to Siphon Off