An advantage of a family business is that because key employees are related and trust one another, a firm can spend less on systems designed to reduce theft and to monitor employees' work habits.

Question

Quizplus · Accepted Answer

Since family members trust each other more than non-relatives, they are less likely to engage in theft or unethical behavior, resulting in lower costs associated with security measures such as surveillance cameras, background checks, security systems, etc. Additionally, family members tend to work harder and be more loyal to the business, reducing the need for costly employee monitoring systems.

An Advantage of a Family Business Is That Because Key