In the following passage, there are blanks each of which has been numbered.…

In the following passage, there are blanks each of which has been numbered.

These numbers correspond to the question numbers; against each question, five words have been suggested, one of which fills the blanks appropriately. Claude Picasso once said: “I could have been born into any family. I was fortunate that I was born to an artist as extraordinary as Picasso, and Picasso turned out to be the family business.” Most of us who run family businesses can (___1___) with the words of Claude Picasso. There is great satisfaction that comes from trying to grow and build a dream that was (___2___) by one’s family. While I am not the biggest believer in (___3____), I realise that

there is a great responsibility to carry ahead the company built by previous generations and in turn pass it on to future generations.

Today, family business is the most common form of enterprise. However, with the pros come the cons. Standard wisdom is that the first generation starts the company, the second builds it and the third (___4___) the business. This is particularly true because they are brought up with silver spoons and want to start their own businesses. Also, they are tech-savvy, talented and armed with attractive foreign university degrees. But they also have to (___5____) with the fear of the unknown. Not all startups that we see mushrooming these days are successful.

Find out the appropriate word in 1st case.