Which Statement Is True Concerning Using Available Family Talent in the Succession

question 61

Multiple Choice

Which statement is true concerning using available family talent in the succession plan?

• A)Younger family members working in the business should realize that mistakes early on in their careers should be considered in their future advancement.
• B)If the available talent is not sufficient inside the company,the owner must bring in outside leadership even if it is not perceived as a favorable decision by the family at large.
• C)If a younger family member would like to advance their career by working on a new direction for the company,a negative decision by their parent means they should not discuss their ideas with the board of directors.
• D)It is rare a younger member will have the skill set to rescue a struggling company;therefore they should not be considered for a succession plan.