Small Business Owners Can Make a Number of Mistakes in Their

question 26

Multiple Choice

Small business owners can make a number of mistakes in their management succession plan including:

• A)naming a successor too early.
• B)having another manager in the company mentor the successor.
• C)assuming his/her children want control of the business.
• D)All of these

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Definitions:

Gallflies

Insects that induce the formation of galls on plants, which serve as both habitat and food sources for the larva of the fly.

Predatory Birds

Birds that hunt and feed on other animals, characterized by keen vision that allows them to detect prey during flight.

Parasitoid Wasps

A group of wasps whose larvae live as parasites that eventually kill their host.

Intermediate Gall Sizes

Refers to the phenomenon where certain sizes of plant galls, which develop as a result of insects or other organisms living within the plant tissues, provide an optimal balance of benefits to both the plant and the invader.