Which of the Following Descriptions of the Succession Problem in Family

Which of the following descriptions of the succession problem in family businesses is INCORRECT?

A) The vast majority of family businesses with succession plans will survive well beyond the second generation.
B) The key management issue in the succession problem concerns how the assets will be distributed and who will run the business when the current head leaves.
C) The succession problem should be handled ahead of time with a succession plan.
D) The succession problem involves transferring leadership from one generation to the next.
E) Since not all family businesses have succession plans, many will not survive beyond the first generation.