All of the Following Are Common Reasons for the Failure

question 100

Multiple Choice

All of the following are common reasons for the failure of a family business to make a smooth transition to the next generation, except______ .

• A) the founder is unwilling to let go of control of the business
• B) rivalry can exist between siblings
• C) the younger generation may not be interested in the family business
• D) parents have assumed the business will pass on to the next generation without considering the feelings of their children
• E) the founder wants to transfer control before younger generations have gained qualifications

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Definitions:

Goal-Directed Activities

Actions deliberately undertaken to achieve specific outcomes or objectives.

Organizational Citizenship Behaviors

Actions by employees that are beyond their formal job requirements but significantly contribute to the positive functioning of the organization.

Conscientiousness

One of the five major personality traits, indicating a person's tendency to be organized, responsible, and hardworking.

External Locus of Control

A psychological concept where individuals believe that external forces or circumstances primarily govern their life outcomes and successes.