Sibling Rivalry in a Family Business

question 73

Multiple Choice

Sibling rivalry in a family business

• A) rarely affects nonfamily members in the firm.
• B) may create disagreements about business policy or about siblings' roles within the business.
• C) is unusual since only one child will normally be employed in a family business.
• D) is often good because it spurs healthy business competition.

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Definitions:

National Saving

The total saving of a country, composed of the savings accumulated by both the private sector and the government, available for investment.

Aggregate Demand

A complete tally of the demand for goods and services in an economy, at an agreed upon price level during a precise time period.

National Defense

Government activities and infrastructure aimed at protecting a country from threats and maintaining its security.

Federal Outlays

Refers to the total amount of money the federal government spends in a fiscal year, including spending on services, subsidies, and interest on debt.