Which of the Following Descriptions of the Succession Problem in Family

question 80

Multiple Choice

Which of the following descriptions of the succession problem in family businesses is inaccurate?

• A) The succession problem involves transferring leadership from one generation to the next.
• B) A key management issue in the succession problem concerns how the assets will be distributed and who will run the business when the current head leaves.
• C) The succession problem should be addressed ahead of time with a succession plan.
• D) The clear majority of family business with succession plans will survive well beyond the second generation.
• E) Since not all family businesses have succession plans, many will not survive beyond the first generation.

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