Match the Term to Its Definition

question 22

Multiple Choice

Match the term to its definition.
-A business in third and subsequent generations, when children of the siblings take ownership and management positions

• A)co-preneurs
• B)cousin consortium
• C)family
• D)family business
• E)family business constitution
• F)family council
• G)family retreat
• H)nepotism
• I)organizational culture
• J)owner-managed business
• K)sibling partnership
• L)socioeconomic wealth
• M)transfer of ownership

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Definitions:

Communication Strategies

Varied methods and plans used to convey messages effectively across different platforms and audiences.

Work-Life Balance

The equilibrium between personal life and professional responsibilities, aiming to ensure neither is neglected.

Early 30s

A term used to describe someone who is between the ages of 30 and 33.

White Space

In design, the intentional use of unmarked areas to create visual clarity and balance; also known as negative space.