Which Statement Is True Concerning Using Available Family Talent in the Succession

question 13

Multiple Choice

Which statement is true concerning using available family talent in the succession plan?

• A)Younger family members working in the business should realise that mistakes early on in their careers should be considered in their future advancement.
• B)If the available talent is not sufficient inside the company, the owner must bring in outside leadership even if it is not perceived as a favourable decision by the family at large.
• C)If a younger family member would like to advance their career by working on a new direction for the company, a negative decision by their parent means they should not discuss their ideas with the board of directors.
• D)It is rare a younger member will have the skill set to rescue a struggling company; therefore they should not be considered for a succession plan.

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Definitions:

Passive Voice

A sentence structure where the subject of the sentence receives the action, emphasizing the action rather than the doer.

Bad-News Statement

A communication that conveys unfortunate, disappointing, or unfavorable information to the recipient.

Opening Paragraph

The initial section of a text that introduces the topic, sets the tone, and presents the main idea or thesis.

Deductive Approach

A method of reasoning from the general to the specific, where conclusions follow logically from premises or known facts.