Which of the Following Is an Advantage of Hiring Nonfamily

question 34

Multiple Choice

Which of the following is an advantage of hiring nonfamily members:

• A) Increase the sources of investment capital in the case of hiring a professional manager
• B) Increase the chances for business success
• C) Increase the chances that the business will go public
• D) Can offer stability by offering a fair and impartial perspective on business issues
• E) Both (b) and (d)

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Definitions:

General Manager

A high-ranking executive who has overall responsibility for managing both the revenue and cost elements of a company's income statement, known as the profit & loss (P&L) responsibility.

Job Specifications

A detailed description of the qualifications, skills, and experience required for a specific job, including duties and responsibilities.

Educational Requirements

The specified level of education or training necessary for an occupation or for admission to an institution or program.

Job Elements

The basic duties and responsibilities that make up a specific job.