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Question 6 A common problem for a founder in passing the business on to a daughter or son is:Selected Answer:d. deciding whether the child has the necessary temperament and ability.Answers: a. arranging the transition from part-time to full-time employment.b. finding a suitable position for the son or daughter within the business.c. introducing the child to outsiders such as bankers.d. deciding whether the child has the necessary temperament and ability.Question 7 When considering the long term health of a company during the transfer of ownership, tax advantages should be the primary concern.Question 8
Senior management will be more receptive to the junior generation advancing if the junior generationQuestion 9 Which statement is the most correct about in-laws and possible complications in a family business?