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Nostrana [21]
3 years ago
8

Which of the following statements concerning family businesses is correct?

Business
1 answer:
miv72 [106K]3 years ago
7 0

Answer:

3. Most top managers at family firms tend to stay in their positions much longer than those at nonfamily firms.

Explanation:

A key success factors in family firms is understanding the culture. This is usually the foundation of the business.

So when family members occupy a position, they tend to stay on much longer because they have intimate knowledge of the business and the goals and objectives are personal to them.

Also loyalty tends to play a part, family members have close relationships which are long-term.

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Answer:

B). $12

Explanation:

As per the given data, the AFC(Average Fixed Cost) for employing 25 factors of labor and 16 factors of capital would be $12.

We are given the production function,

Q = K^{0.5} L^{0.5}

where,

K = allotted input in short-term

Rental rate of each unit/factor(r) = $15

Wage per factor(w) = $5

As we know, the two inputs are labor, as well as, capital;

To find AFC, we need TC;

so,

TC = (Fixed cost + Variable cost)

TC = (240(15 * 16) + 125(25 * 5) = 365

Thus,

AFC = $ 12

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2 years ago
What is business office ? why is it established . Give 8 reason​
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Answer:

Hope it helps

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3 years ago
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Answer:

True

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2 years ago
_________ is the managerial process of creating and maintaining a fit between an organization's objectives and resources and the
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Explanation:

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The new product development process has seven stages going from new product strategy development to commercialization. At which
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Idea generation -

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