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:

Developed Nations

Countries with advanced industrial bases, high standards of living, and well-developed infrastructures.

Job Displacement

Occurs when employees lose their jobs due to factors such as automation, economic downturns, or structural changes in the industry.

Global Economic Shift

Major changes in the global economy that affect international trade, finance, production, and employment patterns.

Ecclesia

An established state religion or organized church that is intricately linked with the political and societal structure.