Match the Term to Its Definition

question 22

Multiple Choice

Match the term to its definition.
-A business in third and subsequent generations, when children of the siblings take ownership and management positions

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

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Definitions:

Deductive Reasoning

A logical process in which a conclusion is based on the concordance of multiple premises that are generally assumed to be true.

Specific Statements

Clear and precise sentences that provide explicit information or details, often used to avoid ambiguity and misunderstanding.

Four-card Task

A logic puzzle used to examine a person's ability to apply deductive reasoning by determining which cards must be turned over to test a rule.

Beverage

Any type of liquid specifically prepared for human consumption, including drinks such as water, tea, coffee, soda, and alcohol.