Which of the following descriptions of the succession problem in family businesses is inaccurate?
A) The succession problem involves transferring leadership from one generation to the next.
B) A 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 addressed ahead of time with a succession plan.
D) The clear majority of family business with succession plans will survive well beyond the second generation.
E) Since not all family businesses have succession plans, many will not survive beyond the first generation.
Correct Answer:
Verified
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