How Should an Owner Protect the Interests of Both the Family

question 26

Multiple Choice

How should an owner protect the interests of both the family and the business in a family business?

• 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) Simplify management by making all personnel decisions affecting family members.
• D) Arrange for hiring outsider leadership or supplements to family talent.

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Definitions:

Endocrine Glands

Glands that secrete hormones directly into the bloodstream, where they regulate processes such as growth, reproduction, and metabolism.

Reticular Formation

A network of neurons located in the brainstem that is critical for regulating wakefulness and sleep-wake transitions.

Neurotransmitter

Chemicals in the brain that transmit signals from one neuron to another, affecting mood, thought processes, and physical actions.

Adenosine

A chemical found in the body that plays a role in promoting sleep and suppressing arousal, and is also a component of RNA.