The USCommerce Department Indicates That About 70 Percent of Successful Ventures

question 33

True/False

The U.S.Commerce Department indicates that about 70 percent of successful ventures never make it to the second generation of ownership.

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Definitions:

Alternative Dispute-resolution

A range of processes, like mediation and arbitration, used to resolve conflicts outside of the courtroom.

Peer-review Board

A committee of experts evaluating the quality and relevance of research or professional work submitted for publication or presentation.

Progressive Discipline

A process for dealing with job-related behavior that does not meet expected and communicated performance standards, typically involving a series of escalating actions.

Written Warning

A formal notice given to an employee about a breach of workplace policies or unacceptable behavior, indicating the need for improvement.