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Question
Jim, the founder of a family business specializing in real estate, is contemplating turning the business over to his five children. One possibility, the founder believes, is to divide ownership equally among the children. This action would:
a. be next to impossible as gaining consensus from that many people is difficult.
b. be inherently unfair if any of the children work in the company.
c. potentially hinder the future functioning of the business.
d. require a possible change in corporate structure since the company deals in real estate.
Answer
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