The Following Are All Common Criteria for Defining a Family

question 75

Multiple Choice

The following are all common criteria for defining a family business, except ______ .

• A) active management by non-family members
• B) percentage of ownership by the family
• C) active management by family members
• D) voting power of the family
• E) involvement of the family's generations

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Definitions:

Enter Credit Card Charges

The act of recording expenses made through a credit card in an accounting system.

Item List

A compiled list of goods or services within a software application that can be bought, sold, or used in transactions.

Customer List

A record of clients that a business has, including their contact information and possibly purchase history.

Owner List

A detailed record or enumeration of the owners or stakeholders of a particular asset, business, or property.