In a Small Family Business, Father and Son Argue Constantly

question 79

Multiple Choice

In a small family business, father and son argue constantly because the son is always forgetting to turn off the light when he leaves a room.This is an example of conflict due to _____.

• A)substantive change effects
• B)limited resources
• C)role differences
• D)personality differences

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Definitions:

Trust Receipts

Documents that acknowledge the receipt of goods that are held in trust for the lender until the loan associated with the goods is paid.

Blanket Lien

A type of lien that gives the creditor the rights to seize nearly all types of assets and property of the debtor in the event of default.

Trade Credit

A type of commercial financing where a buyer is allowed to purchase goods or services and pay the supplier at a later scheduled date.

Net Period

The time period within which a net payment is due after any discounts are applied.