Which term describes the property or asset transfer of selling a business unit to another organization?

Which term describes the property or asset transfer of selling a business unit to another organization?

• A. Document Retention
• B. Divestiture
• C. Domestic Organization
• D. Dot Chart

Answer: (B)

Divestiture is the process of selling or disposing of a business unit or asset to another organization. This exactly describes transferring ownership and control to another entity, which is common in corporate restructuring, raising capital, or refocusing on core operations. In HR terms, a divestiture can affect staffing, require transition plans for employees, and involve regulatory and contract considerations as the unit changes hands. By contrast, document retention deals with keeping records for compliance, domestic organization isn’t a standard term for asset transfer, and a dot chart isn’t about transferring ownership.

Divestiture is the process of selling or disposing of a business unit or asset to another organization. This exactly describes transferring ownership and control to another entity, which is common in corporate restructuring, raising capital, or refocusing on core operations. In HR terms, a divestiture can affect staffing, require transition plans for employees, and involve regulatory and contract considerations as the unit changes hands. By contrast, document retention deals with keeping records for compliance, domestic organization isn’t a standard term for asset transfer, and a dot chart isn’t about transferring ownership.