A(n) ____________ describes how the leadership transition and related financial matters will be handled in a family business.
A) corporate plan
B) operations plan
C) succession plan
D) strategic plan

Question

Quizplus · Accepted Answer

A succession plan outlines how a family business will manage leadership transitions, including financial matters such as ownership transfer and asset distribution. A corporate plan focuses on the overall goals and direction of the business, an operations plan outlines specific procedures and tasks for daily operations, and a strategic plan outlines long-term plans for growth and development.

A(n) ____________ Describes How the Leadership Transition and Related Financial