Asked by Ashley Dias-Stiefel on Apr 28, 2024

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Verified

The ___ occurs when members of the controlling family of a business get into disagreements about work responsibilities, business strategy, operating approaches, finances, or other matters.

A) corporate conflict
B) family relationship disaster
C) family business feud
D) partnership disagreement
E) family business disaster

Family Business Feud

A disagreement or conflict within a business that is owned and managed by members of the same family.

Operating Approaches

Strategies and methods employed in the daily management and functioning of an organization or system.

Work Responsibilities

The duties and tasks that are expected to be carried out by an individual or a team within their job or role.

  • Understand the complexities and potential disagreements present in family-run businesses and tactics for handling them.
verifed

Verified Answer

AB
April BarrowMay 02, 2024
Final Answer :
C
Explanation :
The term commonly used to describe this situation is a "family business feud." The other options do not accurately capture the nature of the conflict within a family business.