Multiple Choice Question

Identify the correct statement regarding the transfer of a business from an owner to an employee:

Multiple choice question.

The successor's experience in the existing firm may bring about transitional problems within the new organization.$$

Most entrepreneurs begin the transfer process long before there is a need to sell or transfer the ownership of the business.

Transferring a business from an owner to an employee usually takes longer than transferring to a family member, which makes for a more smooth transition.

The financial capacity and managerial ability of the employee should not factor in deciding how much ownership is transferred.Multiple Choice Question

Identify the correct statement regarding the transfer of a business from an owner to an employee:

Multiple choice question.

The successor's experience in the existing firm may bring about transitional problems within the new organization.$$

Most entrepreneurs begin the transfer process long before there is a need to sell or transfer the ownership of the business.

Transferring a business from an owner to an employee usually takes longer than transferring to a family member, which makes for a more smooth transition.

The financial capacity and managerial ability of the employee should not factor in deciding how much ownership is transferred.