Which Is Not a Step That Should Be Part of a Succession

question 7

Multiple Choice

Which is not a step that should be part of a succession plan that sells the business to an employee?

• A) Find a way to fund the transition
• B) Make yourself irreplaceable
• C) Identify the timeframe and exit strategy
• D) Choose the successor

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Definitions:

Divide

A mathematical operation in which one number (the dividend) is divided by another (the divisor), resulting in a quotient and sometimes a remainder.

Lowest Common Denominator

The smallest common multiple of the denominators of two or more fractions.

Percentage

A fraction or ratio expressed as a part of 100.

Improper Fraction

A fraction where the numerator is greater than or equal to the denominator, indicating a value greater than or equal to one.