Asked by Kitty Dollas on May 08, 2024
Verified
Everyone working together, sharing values and a common goal, and knowing that what they do benefits the family define the ideal situation in a family business.
Family Business
A commercial organization owned and managed by members of the same family.
Sharing Values
Sharing values denotes the practice of conveying and aligning beliefs and principles among members within an organization or community.
Common Goal
A shared objective or aim that unites members of a group or team, encouraging collaborative effort.
- Understand the widespread presence and influence of family-owned enterprises around the world.
Verified Answer
MO
Munachiso OnwuchekwaMay 12, 2024
Final Answer :
True
Explanation :
This statement describes characteristics of an ideal situation in a family business.
Learning Objectives
- Understand the widespread presence and influence of family-owned enterprises around the world.
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