Asked by Ryane Smalley on Apr 26, 2024
Verified
Only a small percent of businesses operating worldwide are family owned; most are public corporations.
Family Owned
A business that is owned and often operated by members of the same family, spanning one or more generations.
Public Corporations
Companies whose shares are traded openly on stock exchanges, allowing for public ownership and investment.
- Recognize the prevalence and impact of family-owned businesses globally.
Verified Answer
(H
(K12_HN) Hoang Hai LongMay 02, 2024
Final Answer :
False
Explanation :
This statement is false. A significant portion of businesses worldwide are family owned, with estimates ranging from 65-80% of all businesses globally.
Learning Objectives
- Recognize the prevalence and impact of family-owned businesses globally.
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