What Is the Key Difference Between a Family Council and a Board

question 80

Multiple Choice

What is the key difference between a family council and a board of directors?

• A)The board is focused on business-family relationships.
• B)The board includes significant family membership.
• C)The function of the family council is to keep the family involved.
• D)Family councils should get professional advice at the start.

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Definitions:

Job Simplification

The process of breaking down jobs into their simplest components to increase productivity and efficiency.

Telecommuting

The practice of working from a remote location, outside of a traditional office environment, often from home, using technology to stay connected.

Part-Time Work

A form of permanent employment in which the worker works for less than the full-time working week.

Casual Workers

Employees who work on an as-needed basis without the expectation of long-term employment or benefits typical of full-time positions.