y Business r: Leslie Toombs Email Live Doc Sharing Dropbox Journal Tech 29. All

Question

y Business r: Leslie Toombs Email Live Doc Sharing Dropbox Journal Tech 29. All of the are Im O general is the best form of CEO exit because they are always nearby to step back in to run the company if the successor falls short and fails O other exit styles allow for a generational O monarchs and generals are the worst enemies of succession O monarchs and generals may be the reason why the average tenure of CEOs in family-owned businesses is more than double that of CEOs in management to be planned and eventually executed 30. An Interim CEO spouse is necessary when: (Points: 1.25) O all of the above O the spouse has to compete with the business for the CEO's recognition, affection, financial resources and time Key nonfamily employees are deemed not capable of the key leadership role or of performing to the standards of an owner-manager helps children the importance of business to family and nurtures a love for the business O 31. The Chief Trust Officer: (Points: 1.25) s usually available for consultation and advice during challenging times in the life of the family and the business O Acts as a healer, mediator, facilitator, and communication conduit for the family O Feels that the CEO loves the business so much it is his or her first priority O Helps children understand the importance of business to family and nurtures a love for the business O Both A and B May be the lineal descendant of the owning family or may be a large shareholider ts critical to the start-uf and early stages of business through their financial that keeps everyone united through the predictable challenges faced by familles who work together all of the above Create dissatisfaction with the status quo

Explanation / Answer

29.

General is the best form of CEO exit because they are always nearby to step back in to run the company if the successor falls short and fails

30.

Key non-family employees are deemed not capable of the key leadership role or of performing to the standards of an owner-manager.

31.

Acts as a healer, mediator, facilitator, and communication conduit for the family

32.

Both A and B - A) May be the lineal descendant of the owning family or may be a large shareholder B) Is critical to the start-up & early stages of business through their financial investment or professional, technical, or administrative skills;

33.

All of the above

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