Which of the Following Is a Drawback of Family Businesses

question 23

Multiple Choice

Which of the following is a drawback of family businesses?

• A) High level of personal commitment
• B) Long-term view of the business
• C) Leadership stability
• D) Nepotism

Understand the response mechanisms to surplus and shortage in different economic systems.

Identify and explain the main components and benefits of the market system, including the concept of the invisible hand.

Comprehend the coordination and incentive problems in centrally planned economies and how they impact economic efficiency.

Identify the issues related to risk management in both command and market economies.

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Definitions:

Decision-based Evaluation Model

A framework for analyzing and making judgments about programs, systems, or policies based on criteria related to decision-making processes and outcomes.

Evaluation

The systematic assessment of the value, importance, or effectiveness of something, often for the purpose of making improvements.

Descriptive Training Evaluation Models

Frameworks used to systematically assess and describe the effectiveness and outcomes of training programs.

External Variables

Factors outside of an organization that can influence its operations and performance, such as economic conditions, competition, and regulatory environment.