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Ownership types in a family business are defined by:
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A The number of people who own it
Correct!
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B The number of years since inception
Incorrect. The right answer is A.
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C The number of generations involved in ownership
Incorrect. The right answer is A.
How many territories are there in the Three Circle Model?
A person in Territory 1 of the Three Circle Model is:
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A Family member, owner and employee
Correct!
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B Family member, non-owner, employee
Incorrect. The right answer is A.
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C Non-family owner
Incorrect. The right answer is A.
When the “family” circle becomes significantly larger than the “business” circle, which of the following is likely to happen?
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A It will be easier to make business decisions
Incorrect. The right answer is C.
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B Strategic options will be clearer
Incorrect. The right answer is C.
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C Communication may suffer
Correct!
What information can a family genogram reveal?
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A The past, present and potentially future reality of the family
Incorrect. The right answer is D.
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B Family patterns
Incorrect. The right answer is D.
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C Foresee how the family may impact the business
Incorrect. The right answer is D.
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D All of the above
Correct!