Asked by Jacob Marshall on Feb 18, 2024
Verified
Robert has a business that he wants to pass down to others in his family to run.Robert has ______.
A) an entrepreneurship
B) a family enterprise
C) a role as an entrepreneur inside
D) interest in a benefit corporation
Entrepreneurship
A way of thinking, acting, and being that combines the ability to find or create new opportunities with the courage to act on them.
- Understanding the concept of business succession planning
- Recognizing the importance of passing down a business to family members
- Familiarity with the term "family enterprise" and its significance in this context
Verified Answer
BV
Brian Valecillo
Feb 18, 2024
Final Answer :
B
Explanation :
The term "family enterprise" specifically refers to a business that is passed down within a family or is run by multiple members of a family. Therefore, choice B is the best option for describing Robert's situation.
Learning Objectives
- Understanding the concept of business succession planning
- Recognizing the importance of passing down a business to family members
- Familiarity with the term "family enterprise" and its significance in this context