One of the Most Common Problems for a Founder in Passing

question 23

Multiple Choice

One of the most common problems for a founder in passing the business on to a son or daughter is

• A) introducing the child to outsiders such as bankers.
• B) finding a suitable position for the son or daughter within the business.
• C) arranging the transition from part-time to full-time employment.
• D) deciding whether the child has the necessary temperament and ability.

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Definitions:

Big Five

A framework detailing five major traits that characterize human personality: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Organizational Commitment

The level of loyalty and general attachment an employee feels towards their organization.

Adolescence

The transitional stage of physical and psychological development that occurs during the period from puberty to legal adulthood.

Unemployment

The condition of being without a job, while actively searching for employment.