In Regard to Family Ownership, All of the Following Are

question 90

Multiple Choice

In regard to family ownership, all of the following are true EXCEPT:

• A)Most small firms in the world are owned and controlled by families.
• B)The vast majority of large corporations throughout continental Europe, Asia, Latin America, and Africa no longer feature concentrated family ownership and control.
• C) Family ownership and control may provide better incentives for the firm to focus on long-run performance.
• D) Such ownership may also minimize the conflict between owners and professional managers typically encountered in widely owned firms.

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Definitions:

Drunken Driving

The illegal act of operating a vehicle while impaired by the effects of alcohol, leading to reduced driving skills, slower reaction times, and increased risk of accidents.

Groupthink

A process in which group members are influenced by cohesiveness and a dynamic leader to ignore external realities as they make decisions.

Prejudices

Preconceived opinions or judgments toward people, objects, or situations based on biases, without factual knowledge.

Stereotyping

Erroneous assumptions that all members of a group share the same traits or characteristics.