When Passing Down a Family Business,________ of Businesses Make It

question 4

Multiple Choice

When passing down a family business,________ of businesses make it to the third generation.

• A) 5 percent
• B) 12 percent
• C) 30 percent
• D) 60 percent

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Definitions:

Leisure Activities

Activities engaged in for relaxation, amusement, or pleasure during free time.

Retirement

The period in an individual's life where they cease full-time employment, stepping back from their professional career.

Late Adults

Individuals in the final stage of life, often considered to be those 65 years and older, facing unique physical and mental health challenges.

Importance Of Religion

The significance attributed to religious beliefs, practices, and institutions in shaping individual and societal values, morals, and behaviors.