A Major Weakness of a Family Business Is That It

question 84

True/False

A major weakness of a family business is that it has greater difficulty than a nonfamily business in focusing on long-run decision making.

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Definitions:

Retirement Annuity

A financial product that provides a stream of payments to an individual after retirement, funded through either periodic or lump sum contributions.

IRA

An Individual Retirement Account, a financial tool used in the United States to save for retirement with tax advantages.

Mutual Funds

Investment programs funded by shareholders that trade in diversified holdings and are managed by professionals.

Introductions

The initial section of a speech or piece of writing that sets the context and presents the main theme.