A Common Problem for a Founder in Passing the Business

question 54

Multiple Choice

A common problem for a founder in passing the business on to a daughter or son 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.

---

Definitions:

Employee-Centric

An organizational strategy that places the well-being and development of employees at the center of business priorities.

Absenteeism

The habitual non-attendance of an employee at their job without valid reason.

Turnover

The rate at which employees leave a workforce and are replaced.

Numeracy

The ability to understand and work with numbers, including the basic arithmetic skills and the capacity to interpret data, graphs, and statistics.