Nieger Mills engages in farming,trucking of farm products,and the milling and retailing of farm grains.The firm has decided to sell its farming operations to Jasper Farms.This sale is referred to as a(n):

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A divestiture is the sale or disposal of a business unit or division by a company. In this case, Nieger Mills is selling its farming operations to Jasper Farms, indicating a divestiture. Liquidation refers to the process of selling off all assets and ceasing operations, and a merger involves the combination of two or more companies. Allocation and restructuring are not applicable in this scenario.

Nieger Mills Engages in Farming,trucking of Farm Products,and the Milling