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When a family businesses evolves to have multiple generations working together, they must:
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A Redefine roles and responsibilities
Correct!
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B Create new visions and values
Incorrect. The right answer is A.
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C Integrate new technology
Incorrect. The right answer is A.
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D None of the above
Incorrect. The right answer is A.
In family business, there are many life cycles happening simultaneously. Which of the following is not one of these life cycles?
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A Individual
Incorrect. The right answer is C.
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B Industry
Incorrect. The right answer is C.
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C Economic
Correct!
In the case study animation, what are Robert's conditions for handing over the business to his son Eric?
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A Earning an MBA
Incorrect. The right answer is D.
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B Working with a Coach
Incorrect. The right answer is D.
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C Waiting three years
Incorrect. The right answer is D.
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D All of the above
Correct!
The life cycle stages as an owner include:
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A Founding, Exploiting, Conserving
Incorrect. The right answer is C.
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B Primary, secondary, tertiary
Incorrect. The right answer is C.
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C Single owner, multiple owners, multigenerational owners
Correct!
In the case study animation, Eric will be working in partnership with his mother when he takes over the business. What is his key concern?
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A He needs to make a name for himself outside his parents
Correct!
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B He and his mother will argue
Incorrect. The right answer is A.
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C He does not believe his mother is capable
Incorrect. The right answer is A.