When transferring power in a management succession, the small business owner should do all but which of the following?
A) Tell the successor where all the critical documents are-wills, trusts, insurance policies, etc.
B) Provide the successor with a list of advisers, people who have given you good advice in the past.
C) Be open to learn from, as well as to teach, the successor.
D) Transfer power quickly and step back, letting the successor run the business completely without any advice or interference by the owner.

Question

Quizplus · Accepted Answer

Transferring power quickly and completely without any advice or interference may lead to negative consequences for the business, as the new successor may not have the necessary experience or knowledge to make important decisions immediately. The small business owner should provide guidance, support, and advice to the new successor to ensure a smooth transition of power.

When Transferring Power in a Management Succession, the Small Business