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  1. Topics
  2. Business
  3. Small Business Management Study Set 2
  4. Quiz 5: The Family Business

When a Son or Daughter Begins Working at the Family

Question 73
Multiple Choice

When a son or daughter begins working at the family business full-time, he or she is in _____ of the process of succession. A) Stage I B) Stage II C) Stage III D) Stage IV

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Q 74
When fathers train their children in the family business, the typical problem is A) ambitious fathers. B) disloyal children. C) reluctant fathers. D) capable children.
Q 75
The text presents _____ stages in the process of succession. A) 4 B) 5 C) 6 D) 7
Q 76
A founder of a family business is contemplating turning the business over to his five children. One possibility, the founder believes, is to divide ownership equally among the children. This would A) be impossible. B) be inherently unfair to the children. C) potentially hinder the future functioning of the business. D) require an S corporation.
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