While a Large Percentage of Business Founders Plan to Pass

question 34

Multiple Choice

While a large percentage of business founders plan to pass on their businesses,few create management succession plans because:

• A)they don't know how to do it.
• B)they are reluctant to let go of the business.
• C)they can't afford the attorneys' and accountants' fees.
• D)they don't feel they need one because they know which child will assume management of the business.

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Definitions:

Larger Sample Size

A methodological strategy in research that involves increasing the number of participants to enhance the reliability and validity of the study's outcomes.

Cluster Sampling

A method of sampling in which the population is segmented into different groups, and from these groups, a few are randomly chosen for analysis.

Quota Sampling

A sampling method where participants are chosen to form a sample that represents certain characteristics of a population.

Academic Performance

The extent to which a student, teacher, or institution has achieved their short or long-term educational goals.