A _____ happens when the owner realizes there is little chance of being able to sell the firm and gives the firm to someone as a gift,without compensation.

Question

Quizplus · Accepted Answer

"Pass off" refers to the act of giving something away without receiving payment, which fits the scenario described in the question. "Workout" typically refers to a financial arrangement to resolve debt or financial difficulties, "sell off" refers to selling a firm for compensation, and "succession" refers to the transfer of ownership or leadership from one person to another, typically within a family or organization.

A _____ Happens When the Owner Realizes There Is Little