A succession plan
A) details how succession will occur.
B) details how to know when the successor is capable of taking over the company management.
C) helps the entrepreneur and the second generation plan for the future.
D) all of the above
Correct Answer:
Verified
Q35: Arnold Daniels, president of Praendex, had trouble
Q36: Children may not want to take over
Q37: The process of transferring leadership to the
Q38: If a company was founded by a
Q39: A successful transfer to the next generation
Q41: If an entrepreneur wishes to transfer company
Q42: Ownership of a family business can legally
Q43: When and how a family business is
Q44: The low-entry strategy recommends that children
A) work
Q45: With the low-entry strategy,
A) children begin working
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