Two principles of success for family owned businesses are
A) recognize the importance of objectivity and provide incentives for non-family employees
B) remember that family comes first and roles should be clearly defined
C) meet regularly to discuss financial details of the business with family members who are involved in the business and use capable managers even if they are not family
D) clarify the objectives of the business and make sure that suppliers deal only with family members
Correct Answer:
Verified
Q5: Public ownership is a good way to
A)raise
Q6: In a recent survey,_ family businesses had
Q7: Prospective buyers are very interested in businesses
Q8: Some generally recognized ways to transfer a
Q9: Bankruptcy is just a form of
A)saving money
B)exiting
Q11: When going public a business owners is
Q12: A big shock is usually in store
Q13: The least desirable outcomes for a small
Q14: when it comes to debt obligations
A)no form
Q15: If one tries to sell their business
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