Concerning the Need for Good Management in the Family Business

question 59

Multiple Choice

Concerning the need for good management in the family business, which of the following is one of the "best practices" identified in the textbook?

• A) Resist preparing successors for leadership to avoid demoralizing those who are not selected.
• B) Maintain rigid guidelines based on family traditions to guide the company into the future.
• C) Emphasize the attraction and retention of family members.
• D) Stimulate new thinking and fresh strategic insights.

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Definitions:

Compounds

Chemical substances formed by the combination of two or more elements in fixed ratios, possessing unique chemical and physical properties.

Ketones

Organic compounds featuring a carbonyl group (C=O) bonded to two other carbon atoms, important in biochemistry and industry.

IR Stretching Frequencies

The specific frequencies at which molecular bonds absorb infrared radiation, causing the bonds to stretch, useful in identifying functional groups in molecules.

C-N Bond

A chemical bond between carbon and nitrogen atoms, common in organic compounds such as amines and amides.