The Family Business Institute Indicates That About 12 Percent of Successful

question 23

True/False

The Family Business Institute indicates that about 12 percent of successful ventures survive into the third generation of ownership.

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Definitions:

Freight

Goods transported in bulk by truck, train, ship, or airplane.

Net Proceeds

The amount of money received from a transaction after all costs and expenses have been paid.

Commission

A fee paid for services, usually a percentage of the total transaction, often used as a compensation method in sales and services industries.

Merchandise

Goods or products that are bought and sold in business.