Which of the Following Is(are) True of Family Businesses and Technology

question 119

Short Answer

Which of the following is(are) true of family businesses and technology?
a. Technological change moves so quickly that it bypasses the older generation.
b. The commitment of a family business to digital technology will be a precursor to the integration of e-business solutions.
c. The commitment to e-commerce should be seen as a necessary response to the Internet.
d. Family businesses will have different technology needs depending on size, industry, and growth objectives.
e. All of the above are true.

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Definitions:

Reciprocal Relationship

A mutual or two-sided relationship where both parties benefit, contribute, or are influenced by each other.

Psychological State

The mental condition of a person at a given time, encompassing emotions, thoughts, attitudes, and feelings.

Permanent State

A condition or status that does not change over time and remains constant indefinitely.

Despair

A profound sense of hopelessness, often accompanied by a loss of motivation and decreased emotional well-being.