Success of entrepreneurial ventures is often jeopardized by the death of the founder. Which of the following is an important strategy to minimize this problem?
A)Conservative use of funds
B)Adequate succession planning
C)Systematic recordkeeping
D)Decreased delegation
E)Going public

Question

Quizplus · Accepted Answer

Founding entrepreneurs often fail to plan for succession. When death occurs, estate tax problems or the lack of a skilled replacement for the founder can lead to business failure.

Success of Entrepreneurial Ventures Is Often Jeopardized by the Death