A Major Advantage of Family Businesses Is That There Is

question 73

True/False

A major advantage of family businesses is that there is always a guaranteed successor within the family whenever the owner decides to step down.

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Definitions:

Workers' Compensation Laws

Legislation designed to provide financial compensation and medical care to employees injured in the course of their employment.

Employment Relationship

The formal arrangement between an employer and an employee governed by contract and labor laws.

Accidental Injury

An unexpected and unintended bodily harm resulting from an accident rather than from a deliberate act.

Employer at Fault

A situation where an employer is held responsible or liable for a wrongful act or an omission in the scope of employment.