A family business is a type of business in which two or more family members hold the majority of the ownership and are actively involved in the management and decision-making processes. This includes businesses of all sizes and industries, from small mom-and-pop shops to large corporations. The involvement of family members does not necessarily mean that all employees are family members.

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Family Business Is

Question 82

Multiple Choice

Family business is:

A) any business,group,or corporation in which two or more family members are involved and hold the majority of the ownership.
B) any home where a family works together.
C) any place where a family works together.
D) any corporation in which some employees are family.

Correct Answer: