Adam Bellow | Nepotism in American Business

question 93

Multiple Choice

Adam Bellow | Nepotism in American Business
Bellow discusses what he calls "postmodern" nepotism, comparing it to the commonly understood meaning of (now) old "nepotism." Whereas the Old Nepotism described parents hiring their own children or relatives, the New Nepotism refers to the practice of children using the parents' connections opportunistically to further their own careers.
-___________ view nepotism as an obstacle to healthy change in business that promotes waste and inefficiency.

• A) Business owners
• B) Politicians
• C) Economists
• D) Patrons

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Definitions:

Fees Earned

Income earned from providing services or performing work, recognized in the accounting period when the services are rendered.

Cash

Money in the form of bills or coins; the most liquid asset available.

Accounts Receivable

Money owed to a business by its customers for goods or services delivered but not yet paid for, represented as an asset on the balance sheet.

Unearned Revenues

Liabilities recognized when a company receives payment for goods or services yet to be delivered or performed.