In Preparing for Succession, the Senior Generation Has Certain Responsibilities

Multiple Choice

In preparing for succession, the senior generation has certain responsibilities. One of these is that the

A) estate of the senior generation should be settled and audited.
B) senior generation should hold the next generation accountable for their actions.
C) business should have a formal audit of the financial statements.
D) next generation should develop long-term plans for leadership and be held to these plans.