To properly handle the orderly transfer of business ownership at death, it is necessary to have:
A) an unfunded buy-and-sell agreement
B) a life insurance contract to fund the purchase and a buy-and-sell agreement
C) a verbal understanding of the valuation method
D) a verbal commitment of the heirs to sell the business
B
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________ refers to a work hindrance stressor that occurs when the number of demanding roles a person holds is so high that the person simply cannot perform some or all of the roles very effectively.
A. Daily hassle B. Role ambiguity C. Role conflict D. Time pressure E. Role overload
Wilberforce Press is a small book publishing firm in Iowa that has been owned by the same family since 1895. It is being purchased by Ozarka Publishing, another family-run business in Nebraska, which has been a specialty publisher for 77 years. Each company is known for its unique culture passed down from its founders. Executives and employees in both firms have "grown up" with their companies. Because both of these companies have a long, stable history in highly related industries, this acquisition has a high probability of success.
Answer the following statement true (T) or false (F)
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a. True b. False Indicate whether the statement is true or false