A Founder's Core Values May Become Part of the Family

question 3

Multiple Choice

A founder's core values may become part of the family business culture because:

• A)the founder typically knows what is best for the company's culture.
• B)others in the firm absorb traditions and values established by the founder.
• C)the values coincide with modern management theory.
• D)family members follow family traditions without excessive analysis.

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Definitions:

Managerial Advice

Guidance or recommendations provided by someone in a supervisory role, intended to improve an individual's or team's performance and decision-making.

Span of Control

The number of subordinates that a manager or supervisor can directly control or oversee effectively.

Management Theorists

Scholars and practitioners who develop theories on how organizations can effectively be managed and operated.