5. Founders are sometimes prevented from recognizing that the passions of the next generation are as different from those of the founder as to be nearly foreign due to ___________________.

Group of answer choices

A. Cultural differences

B.Financial differences

C.Educational differences

D.Generational differences

E. All of the Above

F. A and B

G. B and C

H. C and D

6. Having been demonstrated to add value and depth to corporate management structures, _______________ is universally regarded as something best to avoid.

A. Nepotism

B. Favoritism

C. Tolerance

D. Politics

7. Family ownership provides the basis for strategic renewal. This is based on shared ___________ and ______________.

A. Needs, Values, and Culture

B. Needs and Culture

C. Values and Needs

D. Culture and Values

E. None of these

8.

The transfer of ownership is fraught with challenges. To significantly increase the chances for a successful continuation of the business, according to Hausner in the "Legacy Family", the succession should be managed as a process of six orderly transitions. Identify these six transitions.

A.

1. Government

2. City Laws
3. Business Ethics
4. Management
5. Ownership
6. Exit Strategy

B.

1. Founder

2. Family
3. Business
4. Management
5. Ownership
6. Exit Strategy

C.

1. Organization

2. Limited Liability
3. Taxes
4. Management
5. Ownership
6. Exit Strategy

D. none of these