One of the Principal Advantages of a Family Business Is

question 19

Multiple Choice

One of the principal advantages of a family business is

• A) increased potential for unity of purpose and action between owners and management
• B) the succession plan for family members
• C) a core set of values
• D) the products and services the business provides

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Definitions:

Declaratory Act

A law passed by the British parliament in 1766 stating that the British parliament's taxing authority was the same in America as in Great Britain.

Letters from a Farmer in Pennsylvania

A series of essays written by John Dickinson in 1767 and 1768 protesting the Townshend Acts and arguing for the colonists' rights and liberties.

Declaration of Independence

The document adopted on July 4, 1776, by which the thirteen American colonies declared their independence from British rule.

Enlightenment

An intellectual and philosophical movement that dominated the world of ideas in Europe during the 17th and 18th centuries, emphasizing reason, individualism, and skepticism of traditional doctrines.