Which of the Following Is Not an Important Part of a Succession

question 35

Multiple Choice

Which of the following is not an important part of a succession plan

• A) Estimate the firm's value
• B) Evaluate potential successors based on how similar they are to you
• C) Provide a transition period so the successor can learn the business
• D) Set a date for completion of the transition and stick to it

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Definitions:

Positive Emotions

Emotions that are associated with positive feelings and experiences, such as joy, gratitude, contentment, and love.

Outlooks

Perspectives or attitudes towards particular issues or situations.

Intellectual Resources

Intellectual resources refer to the knowledge, information, intellectual property, and skills that individuals or organizations possess, which can be utilized for academic, professional, or creative endeavors.

Creative Potential

The capacity or ability of an individual to generate new ideas, concepts, or solutions.