According to Surveys,which of the Following Is Most Likely True

question 86

Multiple Choice

According to surveys,which of the following is most likely true about family businesses?

• A) Family employees earn twice as much in base salary at family-owned businesses than they would at businesses not owned by family members.
• B) Family employees would earn more compensation at similar positions in businesses not owned by family members.
• C) Owners of family businesses have total compensation packages less than those paid to nonowner presidents.
• D) Contributions of family member employees outweigh personal needs when determining compensation.

---

Definitions:

Effective Planning

The process of setting goals, developing strategies, and outlining tasks and schedules to accomplish the goals.

Greenhalgh Seven Steps

A strategy proposed by Leonard Greenhalgh for negotiation, consisting of seven phases to achieve effective outcomes.

Relationship Building

The process of establishing and developing connections or rapport between individuals or groups.

Strategic Negotiation

The process of planning and conducting negotiations to achieve specific objectives.