Which of the Following Is NOT a Characteristic of a Family-Owned

question 17

Multiple Choice

Which of the following is NOT a characteristic of a family-owned business?

• A) Family members have a strategic influence on the management of the firm
• B) Family members have a significant ownership control
• C) Two or more members of the family are involved as owners or managers
• D) One founder is involved, with no relatives in the business

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Definitions:

Gross Earnings

The total income earned by an individual or organization before any deductions or taxes are subtracted.

Total Deductions

The sum of all amounts subtracted from an individual's gross income for taxes, benefits, and other expenses.

Net Earnings

The amount of income left after deducting taxes, benefits, and other expenses from gross earnings; often referred to as take-home pay.

Financial Support

Monetary assistance provided to an individual or organization to help cover expenses.