Which of the Following Statements Concerning Family Businesses Is Correct

question 54

Multiple Choice

Which of the following statements concerning family businesses is correct?

• A) Family members often work in the business but may not sit on the council.
• B) Family businesses employ about 20 percent of America's total workforce.
• C) Most top managers at family firms tend to stay in their positions much longer than those at nonfamily firms.
• D) Family businesses plan for succession using a critical-point plan.

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Definitions:

Right to Treatment

Fundamental right of involuntarily committed people to receive active treatment for their disorders rather than shelter alone.

Wyatt v. Stickney

A landmark case establishing the right to adequate treatment for people in mental health care facilities.

Involuntary Commitment

The act of placing an individual into a mental health treatment facility without their consent, usually because they are deemed a danger to themselves or others.

Court Ordered Treatment

A legal mandate requiring an individual to undergo a specific type of treatment, often related to mental health or substance abuse issues, as decided by a court.