Question 1

A typical example of a forcing event is

Accepted Answer

A) death. 
B) a natural disaster. 
C) an IRS audit. 
D) a slow business year. 
A) death. 
B) a natural disaster. 
C) an IRS audit. 
D) a slow business year.

Question 2

The liquidity event stands for positioning the venture for the realization of a cash return for the owners and investors.

Accepted Answer

A) True 
 B)False

Question 3

A harvest plan defines how and when the owners and investors will realize an actual cash return on their investment.

Accepted Answer

A) True 
 B)False

Question 4

Which of the following is not an example of pressures or interests from within a firm that affect succession issues?

Accepted Answer

A) rivalry among various branches of the family 
B) pressure from a family member to start his/her own business 
C) employee wanting a percentage of the business in the owner's will 
D) pressure on the owner/manager to designate an heir 
A) rivalry among various branches of the family 
B) pressure from a family member to start his/her own business 
C) employee wanting a percentage of the business in the owner's will 
D) pressure on the owner/manager to designate an heir

Question 5

There are two types of succession pressures: family and nonfamily.

Accepted Answer

A) True 
 B)False

Question 6

Bill and James Raymond have worked for their father's company for 15 years. Their father,who is president and now wants to retire,wants his sons jointly to take over the company. Bill and James have never agreed on anything. Should their father try another succession plan?

Accepted Answer

For the sake of the company,another succ

Question 7

The employees at Donnely and Associates have noticed a case of favoritism toward the president's son Jim. Jim constantly breaks company policy. The president is planning to retire in a few years. What should be done about the growing unrest in the company?

Accepted Answer

Before the president retires he must dis

Question 8

Which is an influencing factor in succession?

Accepted Answer

A) family and business cultural issues 
B) government regulation 
C) current economic conditions 
D) the competition 
A) family and business cultural issues 
B) government regulation 
C) current economic conditions 
D) the competition

Question 9

One advantage of the delayed-entry strategy for the younger generation succeeding the older generation of a family business is that

Accepted Answer

A) a successor's skills are judged with greater objectivity. 
B) strong relationships are readily established. 
C) normal mistakes are viewed as incompetence. 
D) knowledge of the environment is limited. 
A) a successor's skills are judged with greater objectivity. 
B) strong relationships are readily established. 
C) normal mistakes are viewed as incompetence. 
D) knowledge of the environment is limited.

Question 10

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

Accepted Answer

A) conceivably, the owner can be sued for not giving equal treatment to a son as to a daughter. 
B) conceivably, the owner can be sued by an employee of a different ethnic origin based upon not being accorded the same treatment as a son or daughter. 
C) conceivably, the owner can be sued for not declaring a family member his or her successor. 
D) the owner can be fined for not declaring his or her first son the heir to the business. 
A) conceivably, the owner can be sued for not giving equal treatment to a son as to a daughter. 
B) conceivably, the owner can be sued by an employee of a different ethnic origin based upon not being accorded the same treatment as a son or daughter. 
C) conceivably, the owner can be sued for not declaring a family member his or her successor. 
D) the owner can be fined for not declaring his or her first son the heir to the business.

A typical example of a forcing event is

The liquidity event stands for positioning the venture for the realization of a cash return for the owners and investors.

A harvest plan defines how and when the owners and investors will realize an actual cash return on their investment.

Which of the following is not an example of pressures or interests from within a firm that affect succession issues?

There are two types of succession pressures: family and nonfamily.

Bill and James Raymond have worked for their father's company for 15 years. Their father,who is president and now wants to retire,wants his sons jointly to take over the company. Bill and James have never agreed on anything. Should their father try another succession plan?

The employees at Donnely and Associates have noticed a case of favoritism toward the president's son Jim. Jim constantly breaks company policy. The president is planning to retire in a few years. What should be done about the growing unrest in the company?

Which is an influencing factor in succession?

One advantage of the delayed-entry strategy for the younger generation succeeding the older generation of a family business is that

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

Entrepreneurship: Evolutionary Development-Revolutionary Impact

The Entrepreneurial Mind-Set in Individuals: Cognition and Ethics

The Entrepreneurial Mind-Set in Organizations: Corporate Entrepreneurship

Social Entrepreneurship and the Global Environment for Entrepreneurship

Innovation: the Creative Pursuit of Ideas

Assessment of Entrepreneurial Opportunities

Pathways to Entrepreneurial Ventures

Sources of Capital for Entrepreneurs

Legal Challenges of Entrepreneurial Ventures

Marketing Challenges for Entrepreneurial Ventures

Financial Preparation for Entrepreneurial Ventures

Developing an Effective Business Plan

Strategic Entrepreneurial Growth

Valuation of Entrepreneurial Ventures

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Exam 15: Harvesting the Entrepreneurial Venture

A typical example of a forcing event is

The liquidity event stands for positioning the venture for the realization of a cash return for the owners and investors.

A harvest plan defines how and when the owners and investors will realize an actual cash return on their investment.

Which of the following is not an example of pressures or interests from within a firm that affect succession issues?

There are two types of succession pressures: family and nonfamily.

Bill and James Raymond have worked for their father's company for 15 years. Their father,who is president and now wants to retire,wants his sons jointly to take over the company. Bill and James have never agreed on anything. Should their father try another succession plan?

The employees at Donnely and Associates have noticed a case of favoritism toward the president's son Jim. Jim constantly breaks company policy. The president is planning to retire in a few years. What should be done about the growing unrest in the company?

Which is an influencing factor in succession?

One advantage of the delayed-entry strategy for the younger generation succeeding the older generation of a family business is that

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

Entrepreneurship: Evolutionary Development-Revolutionary Impact

The Entrepreneurial Mind-Set in Individuals: Cognition and Ethics

The Entrepreneurial Mind-Set in Organizations: Corporate Entrepreneurship

Social Entrepreneurship and the Global Environment for Entrepreneurship

Innovation: the Creative Pursuit of Ideas

Assessment of Entrepreneurial Opportunities

Pathways to Entrepreneurial Ventures

Sources of Capital for Entrepreneurs

Legal Challenges of Entrepreneurial Ventures

Marketing Challenges for Entrepreneurial Ventures

Financial Preparation for Entrepreneurial Ventures

Developing an Effective Business Plan

Strategic Entrepreneurial Growth

Valuation of Entrepreneurial Ventures

Filters