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The Main Succession Problem in Closely-Held Family Firms Is That

Question 1

Multiple Choice

The main succession problem in closely-held family firms is that


A) multiple family members compete for just a few top management spots in the organization.
B) outsiders tend to push out family members when top management openings occur.
C) succession plans are not formalized.
D) it is difficult to evaluate the development needs of successors because they are usually not employees of the firm.

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