When Building Your Management Succession "Survival Kit

question 67

Multiple Choice

When building your management succession "survival kit,"

• A) never assume your children want to take control of the business.
• B) keep your succession choice a secret to avoid conflict among other family members.
• C) remember that entrepreneurial skills and desire are largely hereditary.
• D) you may assume your children want to take control of the business.

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Definitions:

Young Children

Individuals in the early stages of their life, typically considered to be from birth to the age of 8.

Adolescents

Refer to individuals in the developmental stage that transitions from childhood to adulthood, typically occurring between ages 13 and 19.

Myelination

The process of coating the axons of neurons with a fatty layer, myelin, which speeds up the transmission of electrical signals in the nervous system.

Myelin Sheaths

The fatty covering that wraps around the axons of many neurons, which helps increase the speed at which electrical impulses propagate along the nerve cells.