To Protect the Interests of Both the Family and the Business

question 55

Multiple Choice

To protect the interests of both the family and the business in a family business, the owner should:

• A)recognise a basic obligation to supply the family with employment of some type.
• B)refuse to hire family members but, instead, reward them with generous dividends.
• C)personally make all personnel decisions affecting family members.
• D)identify the positions, if any, that are reserved for members of the family.

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Definitions:

Serial-Position Effect

A psychological phenomenon in which people tend to recall the first and last items in a series best, and the middle items worst.

History Exam

A test or assessment focused on historical facts, events, figures, and concepts to evaluate understanding or knowledge.

Serial-Position Effect

A psychological phenomenon where an individual recalls the first and last items in a series best, and the middle items worst.

Items at the Beginning

Refers to the phenomenon where items that appear early in a list are more likely to be remembered than items in the middle.