Which Is Not a Suggested Tactic for Owners in Succession

question 16

Multiple Choice

Which is not a suggested tactic for owners in succession planning?

• A) Ensure you are an irreplaceable aspect of the business
• B) Get an evaluation of the firm
• C) Start to prepare financial statements
• D) Grow stable revenue

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Definitions:

Social Support Network

People who know and care about us and who can provide back-up during a time of stress.

Cancer Patients

Individuals diagnosed with cancer, undergoing treatment, or in remission from the disease.

Diffusion of Responsibility

A phenomenon where individuals are less likely to take action or feel a sense of responsibility in the presence of others, typically in emergency situations.

Social Loafing

The phenomenon where individuals exert less effort when working in a group than when working alone.