Which of the Following Statements Is True of a Family

question 15

Multiple Choice

Which of the following statements is true of a family business?

• A)It is generally run by and for the benefit of a particular family.
• B)It gives no importance for human resource management in the business.
• C)It seldom takes rational decisions for the benefit of the business.
• D)It eliminates issues of discrimination if the firm is large.

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Definitions:

Prospective Investors

Individuals or entities that are considering the possibility of investing in a business or project but have not yet committed to the investment.

Effective Business Plan

A detailed document that outlines a business's goals, strategies, target market, and financial forecasts.

Venture Capitalists

Individuals or firms that invest in new or growing businesses in exchange for equity stakes.

Overall Schedule

A comprehensive plan or timetable that outlines the timing and sequence of all tasks, events, or activities involved in a project or venture.