According to a 2010 McKinsey survey, family businesses tend to use more debt than a benchmark group of comparable publicly traded peer companies.

Question

Quizplus · Accepted Answer

The 2010 McKinsey survey found that family businesses tend to use less debt compared to publicly traded peer companies, as they often prioritize financial stability and long-term sustainability over aggressive growth strategies.

According to a 2010 McKinsey Survey, Family Businesses Tend to Use