Ownership types in a family business are defined by:

• A The number of people who own it
  Correct!
• B The number of years since inception
  Incorrect. The right answer is A.
• 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 3
  Incorrect. The right answer is B.
• B 7
  Correct!
• C 5
  Incorrect. The right answer is B.

A person in Territory 1 of the Three Circle Model is:

• A Family member, owner and employee
  Correct!
• B Family member, non-owner, employee
  Incorrect. The right answer is A.
• 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?

• A It will be easier to make business decisions
  Incorrect. The right answer is C.
• B Strategic options will be clearer
  Incorrect. The right answer is C.
• C Communication may suffer
  Correct!

What information can a family genogram reveal?

• A The past, present and potentially future reality of the family
  Incorrect. The right answer is D.
• B Family patterns
  Incorrect. The right answer is D.
• C Foresee how the family may impact the business
  Incorrect. The right answer is D.
• D All of the above
  Correct!

Your Score