To Protect the Interests of Both the Family and the Business

question 90

Multiple Choice

To protect the interests of both the family and the business in a family business, the owner should

• A) recognize a basic obligation to supply the family with jobs of some type.
• B) refuse to hire family members but, instead, reward them with dividends.
• C) keep management simple by personally making all personnel decisions affecting family members.
• D) identify the positions, if any, that are reserved for members of the family.

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Definitions:

General Economic Forecast

An estimation or prediction of future economic conditions globally or within a specific region.

Triple Bottom Line

A sustainability framework that examines a company's social, environmental, and financial performance.

Environmental Performance

The measure of how well an individual, company, or country is managing its impact on the natural environment.

Social Performance

An evaluation measure that assesses how well an organization responds to social expectations and impacts communities and society positively.