According to Peter Drucker, Which of the Following Statements Is

question 19

Multiple Choice

According to Peter Drucker, which of the following statements is true of managing a family business?

• A) Mediocre performance by family members employed in the company may be tolerated.
• B) The business should be aggressively managed.
• C) The business should not hire outsiders as they contribute expertise the family might not have.
• D) Someone outside the family and the business should help plan succession.
• E) The business should "go public" as soon as possible.

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Definitions:

Closing Values

A term often used in finance and investing to refer to the final price of a stock or asset when the market closes for the day.

High

A term which can refer to an elevated status, level, or degree of something, often used in a comparative context.

Categorical

Pertaining to data that can be divided into specific groups or categories that are qualitatively distinct.

Tossing

The act of throwing something lightly or casually, often used in the context of flipping a coin or similar objects.