Your family business operates a chain of cafés and restaurants across three cities. Your uncle has been the company CEO for the last 20 years, and has announced he is planning to retire next year. He discusses his concerns with you.
-You talk to him about your knowledge of business continuity, which you explain as being______ .
A) the evolution of the company mission
B) the ability of a business to continue during and after a setback
C) the sale of the family business to a public company
D) the early identification of a named successor
E) a set pattern dictating the transfer of responsibility, e.g. to the eldest son
Correct Answer:
Verified
Q5: The following statements are typically true of
Q6: Statistics show that_ of businesses in
Q7: Family businesses typically evolve through three stages.
Q8: One major disadvantage of the family business
Q9: Unity of command states that_ _.
A) every
Q11: When designing the organizational structure of a
Q12: Your family business operates a chain of
Q13: All of the following are possibly options
Q14: A publicly owned business is always focused
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