Exam 15: Harvesting Entrepreneurial Ventures

The harvest decision may come when the venture has grown to a stage where an initial public offering (IPO) is a possibility.

Outside help in succession planning should be considered when

Segregating the assets is the _____ step in selling a business.

The Oakland Scavenger Company case is profound to owners of family businesses in that

Some entrepreneurs are easy to replace, and some cannot be replaced.

When selling a business, which of the following is not good advice?

When considering financial difficulties, which of the following statements constitutes a forcing event?

In a survey of 1,000 business owners, which of the following was a motivation for an entrepreneur to sell a venture?

Harvest strategies rarely involve the complete sale of a business.

Only 3 out of 10 privately held firms survive into a second generation.

In the initial public offering (IPO) process, which of the following discloses all of the company's pertinent information and presents a fair representation of the firm's true prospects?

The first source for succession often is

Which of the following statements about seeking legal advice with respect to succession planning is true?

Research shows that many privately held firms go out of business within _____ year(s).

The prospectus for an initial public offering (IPO) must disclose fully all pertinent information about a company and must present a fair representation of the firm's true prospects.

The Oakland Scavenger Company case resulted in a(n)

Loss of ownership control is often attributable to one of the "Four Ds": disability, death, dissolution, and debtorship.

Which of the following is not considered a step in the harvest strategy?

The forcing events that require an entrepreneur to step aside and let someone direct the operation are usually unforeseen and create major problems for the business.

A key aspect to be considered in an effective succession is the