In Regards to Family Ownership, All of the Following Are

question 39

Essay

In regards to family ownership, all of the following are true except:
a. Most small firms in the world are owned and controlled by families.
b. The vast majority of large corporations throughout continental Europe, Asia, Latin America, and Africa no longer feature concentrated family ownership and control.
c. Family ownership and control may provide better incentives for the firm to focus on long-run performance.
d. Such ownership may also minimize the conflict between owners and professional managers typically encountered in widely owned firms.
e. Family ownership and control may lead to the selection of less qualified managers who happen to be the sons, daughters, and relatives of owners.

---

Definitions:

Maximum

The highest or utmost point, level, or value that an entity or parameter can achieve or has been observed to achieve.

Symbol

A sign, motif, or expression that implies, embodies, or is comprehended as reflecting an abstract idea, tangible thing, or connection.

Abbreviation

A shortened form of a word or phrase, typically used to save space or for convenience.

Unequal Tolerances

Tolerances that are not symmetrical, indicating different allowance limits for deviation above and below the nominal dimension.