A 2007 Survey of Family Business Owners Conducted by Mass

question 31

True/False

A 2007 survey of family business owners conducted by Mass Mutual Financial Group, Kennesaw State University and the Family Firm Institute concluded that the overlap between individual and organizational values may result in increased levels of employee loyalty, commitment and organizational citizenship behavior.

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Definitions:

Direct Materials

Raw materials that are directly incorporated into a finished product and can be directly attributed to the product manufacturing process.

Factory Building

A type of commercial real estate designed for manufacturing processes, assembly, and storing materials and goods used and produced by industrial and manufacturing operations.

Rent Expense

The cost incurred by a company for using or occupying property or equipment for business operations.

Administrative Facilities

Facilities and resources provided to support the management and day-to-day operations of an organization.