Final answer:
The related transfer of ownership is complete when the seller transfers control of goods or services to the customer. This is evident in the process of privatization, such as the transition of Sallie Mae from a government entity to a private institution.
Step-by-step explanation:
When the seller transfers control of goods or services to the customer, the related transfer of ownership is complete. This concept is particularly relevant during the process of privatization, where government-owned businesses are sold or transferred to individuals or private entities. For example, at the federal level in the United States, organizations like Sallie Mae have undergone privatization, transitioning from being a government entity designed to process federal student education loans to a fully private institution servicing only private student loans. The state-level privatization of assets such as roads, public utilities, and schools demonstrates a shift from government bureaucratic control to a private, market-based environment. This movement sometimes brings outside investment into local businesses and helps with the employment in the service industry, while transfers of ownership or use rights also infuse a formal structure for local communities to monitor and manage resource extraction.