Which of the Following Is NOT a Characteristic of an Enduring

question 18

Multiple Choice

Which of the following is NOT a characteristic of an enduring family business?

• A) Harmony
• B) Commitment to continue the legacy
• C) Offers products that cater to basic human needs
• D) Forcing values and traditions of the family in the next generation

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Definitions:

Nonfraudulent Representation

Any statement or declaration that is truthful and not intended to deceive or mislead.

Scienter

A legal term referring to the knowledge of wrongdoing or fraudulent intent in actions that lead to litigation, particularly in securities fraud.

Silence

The absence of sound or the state of choosing not to speak or respond in communication.

Fraud

Consciously tricking someone in order to gain illicitly or to rob a victim of their rightful due.