Which of the following is a negative of family businesses?
A) Close communication among family members
B) Long-range thinking by leaders of the firm
C) Lack of knowledge among those outside the firm
D) None of these are correct.

Question

Quizplus · Accepted Answer

One of the negatives of family businesses is that they may lack knowledge and expertise from outside the family, leading to potential blind spots and missed opportunities. Options A and B are positive aspects of family businesses, and option D is not correct as at least one negative aspect exists.

Which of the Following Is a Negative of Family Businesses