All of the Following Statements About Family Businesses Are Accurate

question 94

Multiple Choice

All of the following statements about family businesses are accurate except.

• A)Are responsible for creating 78% of the new jobs in the United States.
• B)Are often impacted by intergenerational conflicts between family members.
• C)Over 50% of family businesses survive to the second next)generation.
• D)Represent the largest percentage of businesses operating worldwide.
• E)Provide 60% of all jobs in the United States.

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Definitions:

Production Cost

The total expense incurred in the manufacture of products, including raw materials, labor, and overhead costs.

Club Sponsor

An entity or individual that provides support, often financial, to a club, typically for marketing, funding events, or activities.

Junk Computer Parts

Non-functional or obsolete computer components marked for disposal or recycling.

Optimal Number

The most favorable or efficient quantity or figure determined through analysis or calculation, often used in the context of inventory levels, production batches, or logistic routes.