For Each Definition, Select the Term That Best Fits

question 95

Multiple Choice

For each definition, select the term that best fits.
-A gathering of family members, usually at a remote location, to discuss family business matters

• A)co-preneurs
• B)cousin consortium
• C)family
• D)family business
• E)family business constitution
• F)family council
• G)family retreat
• H)mentoring
• I)nepotism
• J)organizational culture
• K)owner-managed business
• L)sibling partnership
• M)socioeconomic wealth

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Definitions:

Tax Shield

A reduction in taxable income for an individual or corporation achieved through claiming allowable deductions such as mortgage interest, medical expenses, or depreciation.

Bankruptcy Costs

Expenses associated with the process of declaring bankruptcy, including legal, administrative, and direct costs.

Modigliani

Franco Modigliani, an economist known for his work in corporate finance, especially the Modigliani-Miller theorem regarding capital structure and the dividend irrelevance theory.

Miller

Often refers to a person who operates a mill, a machine to grind a cereal crop to make flour.