QUESTION IMAGE
Question
question 2 of 10: an advantage to joining a family business is:
a) the other employees are often well known
b) you are likely to have unlimited control
c) emotional decisions are less common in family businesses than in large corporations
d) financing is never an issue
Brief Explanations
- Option a: In a family business, employees are often family members or long - time associates, so they are well - known. This can lead to better communication and teamwork as there is an existing relationship and understanding.
- Option b: In a family business, control is usually held by the family elders or those with significant ownership. There is no unlimited control for an individual joining the business.
- Option c: Family businesses are more likely to have emotional decisions as personal relationships and family dynamics play a role, which is not the case.
- Option d: Financing can be an issue for family businesses just like any other business. They may face challenges in expanding, dealing with economic downturns etc.
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A. The other employees are often well known