Jim, the Founder of a Family Business Specializing in Real

question 73

Multiple Choice

Jim, the founder of a family business specializing in real estate, is contemplating turning the business over to his five children. One possibility, the founder believes, is to divide ownership equally among the children. This action would

• A) be next to impossible as gaining consensus from six persons is difficult.
• B) be inherently unfair if any of the children work in the company.
• C) potentially hinder the future functioning of the business.
• D) require a possible change in corporate structure since the company deals in real estate.

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Definitions:

Battle Fatigue

An outdated term for what is now often referred to as PTSD, related to psychological distress from combat.

Shell Shock

An outdated term once used to describe the psychological trauma experienced by soldiers during war, now understood as a form of post-traumatic stress disorder (PTSD).

Type A Personality

A personality type characterized by high levels of competitiveness, self-urgency, hostility, and a constant sense of time pressure.

Heart Disease

A range of conditions that affect the heart, including coronary artery disease, arrhythmias, heart valve problems, and heart failure.