Family Members Who Join the Business Because of a Concern

question 25

Multiple Choice

Family members who join the business because of a concern that they might not be able to reach career success on their own display a _____ - based commitment.

• A) desire-based
• B) obligation-based
• C) need-based
• D) cost-based

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Definitions:

Management Function

Activities and responsibilities of managers in an organization, which typically include planning, organizing, leading, and controlling.

Plant Manager

An individual who oversees all operations of a manufacturing or production facility, including staff management and productivity.

Purchasing

The process of acquiring goods, services, or works from an external source, often involving tendering or bidding processes.

Manufacturing

The process of producing goods and products, typically in large quantities, using labor, machinery, and raw materials.