To Protect the Interests of Both the Family and the Business

question 4

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 employment of some type.
• B)refuse to hire family members but,instead,reward them with generous dividends.
• C)personally make 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:

Surface Cultural Variables

Observable elements that represent a culture's customs, traditions, and social behaviors.

Political

Pertaining to the government or the public affairs of a country.

Economic

Pertaining to the production, distribution, and utilization of goods and services, or the financial aspects of a region or society.

Organizational Chart

A diagram that shows the structure of an organization and the relationships and relative ranks of its parts and positions/jobs.