Which of the Following Statements Concerning a Family Business' Ownership

question 29

Multiple Choice

Which of the following statements concerning a family business' ownership transfer is not true?

• A) In most cases,a single inheritance is preferable to a gradual transfer.
• B) The transfer of ownership is highly complex and unique to each family business.
• C) For family business succession plans,using specialists is essential.
• D) Of greatest importance is determining who gets voting stock.

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Definitions:

Disciplinary Action

Measures taken by an organization against an employee who has violated company policies or failed to meet expected standards of conduct.

Conciliation and Mediation Services

Services focused on resolving disputes between parties through mutual agreement, without resorting to legal action.

Union Members

Individuals who belong to a labor union, an organized association of workers formed to protect and further their rights and interests.

Visible Minorities

Refers to groups of people who are not of the dominant race in a given society and who are recognizable by their distinct physical characteristics.