A divestiture which results in an operating unit becoming an independent company is a
A. sale of a line of business.
B. sale of a unit to existing management.
C. spin-off of an operating unit.
D. leveraged buyout.
Answer:C
A divestiture which results in an operating unit becoming an independent company is a
A. sale of a line of business. B. sale of a unit to existing management. C. spin-off of an operating unit. D. leveraged buyout.