Jim, the Founder of a Family Business Specializing in Real

question 51

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 because gaining consensus from that many people is difficult.
• B) be inherently unfair if any of the children work in the company.
• C) potentially be inconsistent with the future successful operation of the business.
• D) require a possible change in corporate structure because the company deals in real estate.

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Definitions:

Germinal Zygote

A term describing the earliest stage of embryonic development, immediately following fertilization of an egg by a sperm.

Child-Rearing Styles

Child-Rearing Styles refer to the approaches parents use to guide, discipline, and nurture their children; major types include authoritative, authoritarian, permissive, and neglectful.

Autonomy

The capacity to make an informed, uncoerced decision; often associated with independence and self-governance.

Erikson's

Relates to the theories of developmental psychologist Erik Erikson, focusing on psychosocial development across eight stages from infancy to adulthood.