Some Generally Recognized Ways to Transfer a Family-Owned Business to Family

question 23

Multiple Choice

Some generally recognized ways to transfer a family-owned business to family members are:

• A) to hire the children as CEO's and let them assume management.
• B) by selling it to a third party who will guarantee to include the children as top executives.
• C) close the doors, walk away, and let the children assume operations.
• D) through a gifting program or joint ownership.

---

Definitions:

Heroin

An illegal, highly addictive opioid drug derived from morphine, often used recreationally for its euphoric effects.

Narrow Angle Glaucoma

A form of glaucoma where the angle between the cornea and iris is reduced, leading to increased intraocular pressure and potential vision loss.

Fruity Breath

A sweet, acetone-like odor of the breath that may indicate high levels of ketones in the body, often associated with diabetes.

Blood Sugar

The concentration of glucose present in the blood, an important energy source for the body's cells.