Family-managed businesses, except the smallest businesses, need to staff key positions with ______.

A) the eldest members of the family
B) the youngest adult members of the family
C) company employees
D) nonfamily professionals

Family-Managed Businesses

Businesses that are owned, controlled, and operated by members of one or several families, often passed down through generations.

Nonfamily Professionals

Individuals who are employed in family-owned businesses but are not members of the owning family, bringing external expertise and perspectives.