Question

36. In practice (according to research) family managed businesses as compared to publically held corporations are: a. More profitable compared to professionally managed corporations b. Less profitable compared to professionally managed corporations Equally profitable when compared to professional managed corporations c.
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Answer #1

B Less profitable

Family managed business are run by family members who are not skilled and professionals in areas of production or marketing. Professionally managed corporations also have huge finances available for investment and so yield high returns.

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