According to Peter Drucker, Which of the Following Statements Is

question 19

Multiple Choice

According to Peter Drucker, which of the following statements is true of managing a family business?

• A) Mediocre performance by family members employed in the company may be tolerated.
• B) The business should be aggressively managed.
• C) The business should not hire outsiders as they contribute expertise the family might not have.
• D) Someone outside the family and the business should help plan succession.
• E) The business should "go public" as soon as possible.

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Definitions:

Summary Judgment

A legal determination made by a court without a full trial, typically when there is no dispute as to the material facts of the case.

Genuine Issue of Material Fact

A dispute over a fact that is significant enough to affect the outcome of a legal case, preventing summary judgment.

Voir Dire

A legal procedure in courts where jurors are questioned by lawyers and judges to determine any biases or inability to serve impartially.

Cyber-Jurisdiction

The legal authority of a court to oversee and adjudicate issues occurring within the realm of electronic networks and digital domains.