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The Concept of Shared Power in the Family Business Means

question 93

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The concept of shared power in the family business means that family members allow those with the greatest expertise in a particular area of the business to make decisions for that area.


Definitions:

Impact Socket

A type of socket made from more durable materials designed to withstand the high torque produced by impact wrenches.

Deep Well

A type of well that is constructed at a considerable depth to access groundwater in aquifers.

Air Gun

A tool that uses compressed air to project a forceful stream or projectile, often used for cleaning or in pneumatic tools.

Slip-Joint Pliers

A type of adjustable pliers with a sliding pivot point, allowing the jaws to open wider for gripping larger objects.

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