Which of the Following Statements About the Survival Rates of Family

question 18

Multiple Choice

Which of the following statements about the survival rates of family businesses is TRUE?

• A) About 40 per cent of family businesses survive to the second generation.
• B) About 22 per cent of family businesses survive the third generation.
• C) About 18 per cent of family businesses are expected to survive beyond the third generation.
• D) All of these statements are true
• E) None of these statements is true

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Definitions:

Human Resources Manager

A professional responsible for overseeing all aspects of employee relations, including recruitment, training, development, and performance management.

Restructuring Plan

A strategic plan implemented by an organization to fundamentally change its financial or operational structures, often in response to financial difficulties or to improve efficiency and competitiveness.

Recruitment

The process of identifying, attracting, evaluating, and hiring individuals to fill vacant positions within an organization.

Qualified Pool

A group of individuals who meet the specified criteria or qualifications for a particular role, position, or opportunity.