In Addition to the Normal Operational Challenges of Small Businesses

question 78

Short Answer

In addition to the normal operational challenges of small businesses, family businesses face the risk of __________.

---

Definitions:

Normally Distributed

Describes a symmetric, bell-shaped frequency distribution that is characterized by its mean, median, and mode being equal.

Specification Limit

Predetermined bounds or values within which a product, process, or service must operate to be considered acceptable according to its quality standards.

Process Characteristic

A feature or attribute that can be measured or quantified to assess the performance of a process.

Normal Distribution

A type of continuous probability distribution for a real-valued random variable, symmetrical and described by its mean and standard deviation.