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:

Job Satisfaction

Job satisfaction is the level of contentment employees feel about their work, which can affect their performance, motivation, and engagement.

Procedural Unfairness

The perception that the processes and methods used to make decisions within an organization are unjust or biased.

Emotional Labour

The effort required to manage and regulate one's emotions to fulfill the emotional demands of a job.

Emotional Contagion

The phenomenon where emotions can be transferred from one person to another, influencing the emotional states of those around them.