Your Family Business Operates a Chain of Cafés and Restaurants

question 25

Multiple Choice

Your family business operates a chain of cafés and restaurants across three cities. Your uncle has been the company CEO for the last 20 years, and has announced he is planning to retire next year. He discusses his concerns with you.
-He is aware that family businesses can fail to achieve a smooth transition between generations for all of the following reasons except______ .

• A) the founder may find it difficult to release control
• B) rivalry may exist between siblings
• C) parents may put pressure on the younger generation without considering their feelings
• D) the company lacks a clear organizational structure
• E) the children may not be interested in the family business

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Definitions:

Autonomic Nervous System

The part of the nervous system that controls and regulates involuntary bodily functions, including heart rate, digestion, respiratory rate, pupillary response, and more.

Social Connectedness

The degree to which individuals or communities are socially close, interactive, or supportive of each other.

Mindfulness

The practice of being fully present and engaged in the moment, aware of one's thoughts and feelings without distraction or judgment.

Humanistic-Existential

A psychological approach that emphasizes individual experience and the inherent desire for self-improvement and understanding, blending principles of humanism and existentialism.