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    Business
  3. Study Set
    Effective Small Business Management
  4. Exam
    Exam 20: Management Succession and Risk Management Strategies in the Family Business
  5. Question
    Insurance Is Not an Important Part of Creating a Management
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Insurance Is Not an Important Part of Creating a Management

Question 42

Question 42

True/False

Insurance is not an important part of creating a management succession plan because it can help business owners maximize the taxes on the estates they pass on to their heirs and can provide much-needed cash to pay the taxes the estate does incur.

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