Some Family Businesses May Have Difficulty Attracting and Keeping Highly

question 30

Multiple Choice

Some family businesses may have difficulty attracting and keeping highly qualified managers. Why is that?

• A) Family businesses have a pattern of discriminating against women.
• B) There is limited potential for professional growth.
• C) There aren't many positions available.
• D) Decision-making tends to be too haphazard.
• E) There tends to be little commitment to business planning.

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Definitions:

Intangible Assets

Non-physical assets having a value with an indefinite life span, such as patents, trademarks, and goodwill.

Amortized

Amortized refers to the gradual reduction of a debt over a period of time through regular payments that cover both the loan interest and the principal amount.

Natural Resources

Materials or substances occurring in nature which can be exploited for economic gain, such as minerals, forests, and water.

Metal Ores

Naturally occurring solid materials from which metals can be extracted profitably.