In a(n)________,a firm sets up one or more corporate units as a new independent corporation.

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In a spin-off, a firm sets up one or more corporate units as a new independent corporation. This allows the unit(s) to operate on its own and create its own strategic and financial decisions, separate from the parent company. A divestiture involves selling a portion or all of a company's assets or business units. A merger is the combination of two or more companies into a single entity. An ESOP (Employee Stock Ownership Plan) is a program that allows employees to have ownership in the company they work for.

In A(n)________,a Firm Sets Up One or More Corporate Units